Virginia Public Procurement Act; definition of "small business," direct procurement, set-asides.
Sponsored By: Mark C. Downey (Democratic)
In Committee
Summary
Department of Small Business and Supplier Diversity; Virginia Public Procurement Act; definition of "small business"; direct procurement; set-asides. Amends the definition of "small business," for purposes of provisions related to the Department of Small Business and Supplier Diversity and the Virginia Public Procurement Act, to mean a business that is at least 51 percent independently owned and controlled by one or more individuals, or in the case of a cooperative association, is at least 51 percent independently controlled by one or more members, who are U.S. citizens or legal resident aliens and, together with affiliates, has 50 or fewer employees or average annual gross receipts of $5 million or less averaged over the previous three years and for which the individual owners do not have a combined net worth exceeding $1.5 million. Current law defines a small business as such, but with 250 or fewer employees and average annual gross receipts of $10 million or less averaged over the previous three years, with no limit on the combined net worth of individual owners. The bill allows any public body to directly solicit or award a contract of less than $200,000 to a small, women-owned, or minority-owned business, or to a business identified by a public body as a service disabled veteran-owned or military family-owned business, without engaging in the competitive sealed bidding or competitive negotiation process. The bill also provides that purchases made by a public body for goods, services, and construction up to $100,000 that are not directly awarded shall be set aside for award to small businesses.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Mark C. Downey
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Continued from last session
7/21/2026HouseContinued to 2027 in General Laws (Voice Vote)
1/29/2026HouseSubcommittee recommends continuing to 2028 (Voice Vote)
1/27/2026HouseAssigned HGL sub: Procurement/Open Government
1/26/2026HouseReferred to Committee on General Laws
1/13/2026HousePrefiled and ordered printed; Offered 01-14-2026 26104023D
1/13/2026House
Bill Text
Introduced
1/13/2026
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