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119-hr-5977119th CongressWALLET

Common Repository for Small Businesses Act

Sponsored By: Representative Schmidt, Derek [R-KS-2]

Introduced

Summary

Creates a centralized supplier information repository that would let the Department of Defense collect commonly requested vetting data in one place to cut duplicate paperwork and speed supplier qualification. The Assistant Secretary for Industrial Base Policy would have to set it up within 90 days of enactment and could partner with industry to build it if that reduces duplicative effort or supplier qualification time.

Show full summary
  • Potential suppliers. Would spend less time submitting the same information to multiple prime contractors because commonly required vetting data would be stored in one repository.
  • Prime contractors. Would face lower time and administrative costs to qualify suppliers when they use the shared repository.
  • Small manufacturers and procurement technical assistance recipients. The repository would be developed alongside the DoD Office of Small Business Programs and aligned with market research, supply chain resilience, cybersecurity, and secure cloud tools to support these groups.

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Bill Overview

Analyzed Economic Effects

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

One-stop info for Defense suppliers

This bill would require the Defense Department to create a central supplier information repository. It would hold common vetting details and link to small-business tools for research, supply chain, cybersecurity, and secure cloud. It must be set up within 90 days after enactment. Businesses could submit once, instead of repeating the same data for many prime contractors. The Assistant Secretary could partner with contractors if that cuts duplicate work, time, or qualifying costs.

Sponsors & CoSponsors

Sponsor

Schmidt, Derek [R-KS-2]

KS • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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