H. R. 7103, also known as the “Agency Accountability Act of 2024,” aims to enhance transparency and accountability of federal agencies in meeting small business contracting goals. It requires agency heads to testify before relevant congressional committees if they do not meet...
Simple Explanation
H.R. 7103 wants government agencies to do better at helping small businesses by setting goals. If they miss these goals, they have to tell Congress why and try to do better next time, but they won't get any extra money for it.