Oversight and Transparency for Small Business Certifications Act of 2026
Description
This bill would require the SBA to report annual data on certifications for small business contracting programs in the President's budget.
Summary
What it does
This bill would require the Small Business Administration (SBA) to include specific data regarding its contracting programs in an annual report submitted with the President's budget. The reporting would cover the 8(a) Business Development, Women-Owned Small Business, HUBZone, and Service-Disabled Veteran-Owned Small Business programs. Specifically, the SBA would be required to disclose the total number of certified businesses in each program and provide data on applicants seeking or receiving multiple certifications.
Who is affected
This bill affects the Small Business Administration (SBA), which would be required to collect and report data on specific contracting programs. The legislation also impacts small business concerns participating in or applying for the 8(a) Business Development, Women-Owned Small Business, HUBZone, and Service-Disabled Veteran-Owned Small Business programs. Additionally, the reporting requirements involve tracking businesses that apply for or receive certifications across multiple programs.
Key provisions
- Annual reporting on small business contracting programs. The Small Business Administration must include information regarding specific contracting programs in its annual report submitted with the President's budget.
- Program-specific certification data. The report must detail the total number of unique small businesses certified for the 8(a) Business Development, Women-Owned Small Business, HUBZone, and Service-Disabled Veteran-Owned Small Business programs.
- Analysis of multi-program applications and certifications. The SBA is required to report the number of businesses applying for two or more certifications and the percentage of applicants that successfully obtained multiple certifications.
Fiscal impact
- H.R. 8879, Oversight and Transparency for Small Business Certifications Act of 2026· As reported by the House Committee on Small Business on June 3, 2026
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
This bill adds new reporting requirements for several existing Small Business Administration (SBA) contracting programs, including the 8(a) Business Development, Women-Owned Small Business, HUBZone, and Service-Disabled Veteran-Owned Small Business programs. It mandates that these updates be included as part of the President's annual budget submission.
Stated purpose
The bill aims to increase oversight and transparency regarding Small Business Administration (SBA) contracting programs by requiring annual reporting on certification data for specific small business categories. This includes tracking the number of certified concerns and the frequency of businesses holding multiple program certifications.