All Roll Calls
Yes: 426 • No: 5
117-s-583117th CongressWALLET
PRICE Act of 2021
Sponsored By: Senator Peters, Gary C. [D-MI]
Became Law
Summary
Creates a coordinated push to spread procurement innovation and improve small-business access across DHS and other federal agencies. It sets up a Procurement Innovation Lab reporting and training program and an interagency Council to identify, publish, and scale modern contracting practices.
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- DHS contracting officers and program managers receive an annual Procurement Innovation Lab report plus guidance and training to use techniques that boost competition, speed awards, lower costs, and help meet small-business contracting goals. This section sunsets after 3 years.
- Small businesses, including HUBZone firms, service-disabled veteran-owned, women-owned, and socially or economically disadvantaged firms, get stronger emphasis through actions tied to the Small Business Act section 15(g) contracting goals.
- The Administrator for Federal Procurement Policy must lead a cross-agency Council to collect successful practices, deliver a report within 1 year, and brief Congress within 18 months. Findings must be published on OMB sites and the Acquisition Gateway to encourage rapid adoption.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Council to modernize federal contracting
The law creates a council to improve federal contracting and small-business participation. The Administrator convenes it within 45 days. It meets by day 90 and then quarterly until it finishes its report. The council sends a report in 1 year and briefs Congress by 18 months. The report is posted on the OMB website and the Acquisition Gateway. The council’s duties end 30 days after the briefing.
Homeland Security contracting lab and training
Homeland Security publishes a yearly report on its contracting innovation lab. The report covers projects that improved competition, sped awards, saved money, improved mission results, or met small-business goals. The Department trains contracting staff and shares best practices with other agencies. This section ends three years after enactment.
Who counts as a small business
The law defines who counts as a small business under this Act. It includes HUBZone firms; veteran-, women-, and other socially and economically disadvantaged-owned firms. It also includes certain Indian tribe and Native Hawaiian–owned firms that meet SBA 8(a) rules. This definition takes effect upon enactment.
Sponsors & CoSponsors
Sponsor
Peters, Gary C. [D-MI]
MI • D
Cosponsors
Sen. Ernst, Joni [R-IA]
IA • R
Sponsored 3/3/2021
Sen. Carper, Thomas R. [D-DE]
DE • D
Sponsored 3/3/2021
Sen. Collins, Susan M. [R-ME]
ME • R
Sponsored 3/9/2021
Roll Call Votes
house vote • 2/7/2022
On Motion to Suspend the Rules and Pass
Yes: 426 • No: 5