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119-hr-10622119th CongressWALLET

PROMISE for Small Businesses Act

Sponsored By: Representative Rescom. Hernández, Pablo Jose [D-PR-At Large]

Introduced

Summary

Requires mandatory compliance reviews of subcontracting plans and stronger reporting by the Small Business Administration. It would require the Small Business Administration (SBA) Administrator to evaluate not less than 10 percent of each Federal agency's contracts for compliance with required subcontracting plans and to ensure a diverse mix of contract types are reviewed.

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  • Small businesses and federal contractors would face more oversight because the SBA would describe, by agency, the extent to which contractors complied with subcontracting plans and list any follow-up actions.
  • Federal agencies would have a review floor since the SBA would evaluate at least 10 percent of their contracts each fiscal year and include a diverse mix of contract types.
  • The SBA Administrator would take on new duties to conduct and count compliance reviews, report the number of reviews, analyze noncompliance, and report additional enforcement or review actions in the annual report.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

More SBA checks on federal contractors

This bill would require the Small Business Administration (SBA) to evaluate at least 10 percent of contracts entered in a fiscal year for each Federal agency for compliance with required subcontracting plans. The SBA would need to include a variety of contract types and subcontracting plans when picking reviews. The SBA's annual report would have to list, by agency, how contractors complied with their subcontracting plans, how many compliance reviews were done, and any follow-up actions taken.

Sponsors & CoSponsors

Sponsor

Rescom. Hernández, Pablo Jose [D-PR-At Large]

PR • D

Cosponsors

  • Rep. Cisneros, Gilbert Ray [D-CA-31]

    CA • D

    Sponsored 9/28/2026

Roll Call Votes

No roll call votes available for this bill.

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