Senate Passes Bipartisan PRICE Act, Legislation Supported by MSGI Clients GovEvolve, HUBZone Contractors National Council, the Montgomery County Chamber of Commerce, and the Women Veterans Business Coalition

Win for small business contractors today – a bipartisan bill that encourages interagency collaboration to utilize small business contractors has passed the Senate. The Promoting Rigorous and Innovative Cost Efficiencies for Federal Procurement and Acquisitions (PRICE) Act expands opportunities for small companies by requiring the Office of Management and Budget (OMB) to work with federal acquisition leaders to share best practices, including awarding more contracts to small businesses.

Reintroduced by Senators Gary Peters (D-MI), Chair of the Senate Homeland Security and Governmental Affairs Committee (HSGAC), and Joni Ernst (R-IA), MSGI clients GovEvolve, HUBZone Contractors National Council, the Montgomery County Chamber of Commerce, and the Women Veterans Business Coalition, supported this legislation. Client quotes in the HSGAC press release include: 

“Small business participation in the federal marketplace is key to ensuring a strong industrial base, however, small businesses find that agencies continue to be reluctant to utilize these programs,” said Michelle Burnett, Executive Director. HUBZone Contractors National Council. “The PRICE Act provides increased opportunities for HUBZone companies by encouraging the acquisition workforce to share innovative best practices to increase small business participation across the federal government.”

“Small IT companies are at the forefront of innovation, but often face barriers when selling to the federal government,” said Eminence Griffin, Executive Director, GovEvolve. “The PRICE Act addresses the need for modernizing the federal acquisition system and will be transformative for small business IT contractors around the country.”

Read the bill text here. Read the press release from the Senate Committee on Homeland Security and Governmental Affairs here.