Increase opportunities for small businesses to win government contracts by increasing the general threshold on Simplified Acquisition procedures to $500,000, from the current $150,000.
Doing so will vastly increase opportunities for small businesses to obtain government contracts and result in many new jobs for American workers.
Small businesses tend to have more competitive rates and this change will save government money.
Government agencies struggle to meet the mandate of awarding 23% of government contract dollars to small businesses, and this change will enable agencies to better achieve this goal.