Transparency and Predictability in Small Business Opportunities Act

HR 8014, the *Transparency and Predictability in Small Business Opportunities Act*, requires the Small Business Administration to create rules within 180 days of enactment. These rules mandate federal agencies to publicly disclose the reason for canceling solicitations (where at least two small businesses could have bid), any plans to reissue them, and alternative contracting opportunities. Small businesses that prepared bids for canceled solicitations they were eligible for will receive assistance from agency directors to identify similar opportunities if the solicitation won’t be reissued. All required information must be posted on the government’s central procurement website. The bill does not authorize new funding for implementation.