Federal Contracting Integrity
Eliminates misclassification, fraud, and loopholes in federal contracting to ensure fair competition and accountability.
”Improving Business classifications will give more breathing room to small business”
- All businesses receiving federal contracts must recertify their business size annually through a simple electronic report of total payroll and employee count.
- Creates a public database listing all businesses with federal contracts and their classifications
- Mandates annual audits of 10% of federal contractors near business-size thresholds, conducted by the GAO, SBA, and Inspector Generals.
- Enforces heavy penalties for falsifying employment records; repeat offenders barred from receiving federal contracts for 5 years.
Prevent billion-dollar firms from siphoning resources meant for smaller business classifications, local economies, and true small business.