H. R. 7988, also known as the "Small Business Procurement and Utilization Reform Act of 2024" or the "SPUR Act," aims to amend the Small Business Act by adding new requirements for the scorecard program. The bill focuses on tracking the number of new small business entrants,...
Simple Explanation
H. R. 7988, also called the "SPUR Act," is a plan to help small businesses by making it easier to see how many new ones, especially those run by veterans, disadvantaged people, and women, are winning government contracts each year. It tries to track this better without spending any extra money.