The bill, S. 3971, aims to update the Small Business Act by requiring more detailed reporting about small businesses owned by women, those located in HUBZones (historically underutilized business zones), and those owned by veterans. It mandates the submission of annual...
Simple Explanation
The bill is like asking for a detailed report to help understand how small businesses owned by women, veterans, and those in special areas get contracts; it wants them to share more information with Congress without giving extra money to do so, which might make it harder to gather all the details.