Small Business Contracting Transparency Act of 2023

HR 4670, the Small Business Contracting Transparency Act of 2023, requires the Small Business Administration (SBA) to submit annual reports starting May 1, 2024, to congressional committees on three categories of small businesses: women-owned, HUBZone-owned, and service-disabled veteran-owned. The reports must detail certification rates, contract awards (including dollar amounts and percentages), decertifications, and other specific metrics for each category. These reports aim to increase transparency around federal contracting practices for these businesses, using existing SBA funding without new appropriations. The bill directly affects the SBA, federal agencies awarding contracts, and congressional oversight committees by mandating standardized data collection and disclosure.