Small Business Legislation, Introduced by Congresswoman Adams, Passes the Senate and Will Soon be Signed into Law
Washington, D.C.— Congresswoman Alma Adams (NC-12) released the below statement following the passage of the National Defense Authorization Act (NDAA) by the U.S. Senate. The NDAA included the Small and Disadvantaged Businesses Act of 2016, introduced by Congresswoman Adams. The NDAA will soon be signed into law by President Obama.
“I am proud to announce the passage of the Small and Disadvantaged Businesses Act of 2016 which will be my second bill signed into law” said Congresswoman Adams.
“Small businesses are the driver of our state economy. There are over 800,000 small businesses in North Carolina that employ nearly fifty percent of our workforce. As Ranking Member of the Small Business Subcommittee on Oversight and Investigations I introduced this legislation to ensure small businesses have fair access to federal contracts.
“This legislation will ease the burdens facing small and disadvantaged businesses by helping them do business more effectively and to ultimately hire more people.”
The passage of the Small and Disadvantaged Businesses Act of 2016 allows the Offices of Small and Disadvantaged Business Utilization (OSDBU) to review agency purchases made using government credit cards to ensure compliance with the Small Business Act. The Small Business Committee learned last year that in one agency over $6 billion in such purchases were made without regard to statutory requirements. Additionally, the legislation furthers the committee’s long-standing commitment to parity between the contracting programs. This is the fourth bill introduced by Congresswoman Adams to pass the House and the second to become law.