Senate Hearing on Minority and Women-Owned Business Contracting
January 1, 2022
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The Frame
The hearing examines how federal contracting policies impact the ability of minority and women-owned small businesses to compete for government work, which accounts for a significant portion of the economy in states like Maryland.
Potentially affected actors named in the source documents. Mention is not a position.
Minority-owned small businesses
These businesses are eligible for specific federal contracting programs and set-asides discussed in the hearing.
Women-owned small businesses
These businesses are the focus of specific SBA programs aimed at increasing their participation in federal contracting.
Last recorded activity January 1, 2022.
Next step not available in the current record.
Summary
Key Facts
- The hearing was held on May 19, 2021, by the Senate Committee on Small Business and Entrepreneurship.
- Congressman Parren J. Mitchell created the first minority set-aside program in 1977 by attaching an amendment to a $4 billion public works bill.
- The 1977 amendment required state and local governments to set aside 10% of funds for minority-owned businesses.
- Federal contracting accounts for 8% of Maryland's annual GDP.
- The Fiscal Year 2021 National Defense Authorization Act (NDAA) extended the participation limit for the 8(a) Business Development Program from nine years to 10 years.
- The Small Business Administration (SBA) delivered over $1 trillion in aid to small businesses during the COVID-19 pandemic.
- The hearing focused on the 8(a) Business Development Program and the Woman-Owned Small Business Program.
Frequently Asked Questions
What is the 8(a) Business Development Program?
How long can a business participate in the 8(a) program?
Why It Matters
The hearing examines how federal contracting policies impact the ability of minority and women-owned small businesses to compete for government work, which accounts for a significant portion of the economy in states like Maryland.
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Extension of 8(a) Program Eligibility
The 2021 NDAA successfully extended the 8(a) program participation limit from nine to 10 years, a change highlighted by the Chairman as a key accomplishment.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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