Expanding Opportunities for Diverse Entrepreneurs Act
Impact
If enacted, House Bill 2485 would improve state laws regarding the integration of DBEs in public contracting. It stipulates that a designated DBE liaison officer will be responsible for tracking these outreach efforts and analyzing their effectiveness. Furthermore, the Secretary of Transportation is mandated to report to Congress annually on the state of DBE participation, including financial disbursements based on race and gender, potentially fostering greater transparency and accountability in federal contracting processes.
Summary
House Bill 2485, titled the 'Expanding Opportunities for Diverse Entrepreneurs Act,' focuses on enhancing participation of disadvantaged business enterprises (DBE) in federally assisted transportation contracts. The bill mandates that recipients of federal funding establish outreach and support efforts to engage non-certified and certified DBEs, thereby increasing their ability to compete for contracts. This includes educational programs, networking events, and various forms of business development activities aimed to improve the competitiveness of these enterprises.
Contention
Despite the potential benefits, the bill may face various points of contention. Critics might argue that additional reporting requirements could burden small business owners, who often lack the resources to comply with extensive paperwork. Furthermore, there may be debates surrounding the definition of 'socially and economically disadvantaged individuals,' as the metrics used to classify such groups can lead to differing interpretations and implementation across states. The success of its implementation will rely heavily on appropriate funding and support for outreach programs.
To amend the FAA Modernization and Reform Act of 2012 and title 49, United States Code, with respect to disadvantaged business enterprises, and for other purposes.
Veteran Entrepreneurship Training Act of 2023 This bill provides statutory authority for the Boots to Business Program, which provides entrepreneurship training to individuals including veterans and active members of the Armed Forces, to be administered by the Small Business Administration.
Creates State business assistance program to establish contracting agency procurement goals for socially and economically disadvantaged business enterprises.
Creates State business assistance program to establish contracting agency procurement goals for socially and economically disadvantaged business enterprises.
Creates State business assistance program to establish contracting agency procurement goals for socially and economically disadvantaged business enterprises.
Provides for a quarterly report to the Joint Legislative Committee on the Budget regarding contracts let in the construction of the University Medical Center in New Orleans (EG GF EX See Note)