HR 3372
Small Business Contracting Credit Act of 2019
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to help small businesses in Puerto Rico compete for federal contracts. It allows federal agencies to double the credit given to prime contractors for contracts awarded to Puerto Rican subcontractors. Specifically, it modifies the Small Business Act to recognize and reward prime contractors who utilize Puerto Rican subcontractors in their supply chains. This change is intended to boost economic activity and support businesses in Puerto Rico.
Sponsors
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Primary sponsor
Nydia M. Velazquez
Cosponsor
Gilbert Ray, Jr. Cisneros
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