SPUR Act
In committeeSmall Business Procurement and Utilization Reform Act of 2025 or the SPUR Act This bill requires federal agencies to include on their annual scorecard for small business contracting the number of small businesses that receive a prime contract for the first time and are owned and controlled by service-disabled veterans, qualified HUBZone small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, or small business concerns owned and controlled by women.
Feb 25, 2025Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Passed
The SPUR Act aims to amend the Small Business Act to include new requirements for tracking new small business entrants in the federal procurement scorecard program. It focuses on increasing transparency and accountability in federal contracting with small businesses, particularly those owned by disadvantaged groups. The bill does not authorize additional funding, adhering to fiscal constraints.