Title 41 — Public ContractsRelease 119-73
§1123 Small business concerns
Title 41 › Subtitle Subtitle I— - Federal Procurement Policy › Chapter CHAPTER 11— - ESTABLISHMENT OF OFFICE AND AUTHORITY AND FUNCTIONS OF ADMINISTRATOR › Subchapter SUBCHAPTER II— - AUTHORITY AND FUNCTIONS OF THE ADMINISTRATOR › § 1123
Summary
The Administrator, working with the Small Business Administration, must do two things when making the Federal Acquisition Regulation and its procedures. They must study how changes to procurement rules affect small businesses, and add simpler rules for bidding, doing work, and managing contracts for small businesses.
Full Legal Text
Title 41, §1123
Public Contracts — Source: USLM XML via OLRC
In formulating the Federal Acquisition Regulation and procedures to ensure compliance with the Regulation, the Administrator, in consultation with the Small Business Administration, shall—
(1)conduct analyses of the impact on small business concerns resulting from revised procurement regulations; and
(2)incorporate into revised procurement regulations simplified bidding, contract performance, and contract administration procedures for small business concerns.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 112341:405a (last sentence).Pub. L. 95–507, title II, § 222 (last sentence), Oct. 24, 1978, 92 Stat. 1771.
Reference
Citations & Metadata
Citation
41 U.S.C. § 1123
Title 41 — Public Contracts
Last Updated
Apr 6, 2026
Release point: 119-73