The legislation aims to eliminate preferences for disadvantaged individuals and businesses in government contracts.
It proposes amendments to the Small Business Act, including the repeal of specific provisions related to socially and economically disadvantaged individuals.
The bill seeks to remove racial and ethnic participation goals in various government financial assistance programs, particularly those related to the Department of Transportation.
It includes provisions to end racial and ethnic discrimination in government contracting and awards, prohibiting agencies from considering race or ethnicity in contract decisions.
The legislation mandates that executive agencies revise their rules and guidance to remove references to racial or ethnic considerations in contracting processes.
It repeals several existing laws and provisions that support preferences for disadvantaged businesses, including the Minority Business Development Act and certain sections of the American Rescue Plan Act.
The bill emphasizes a shift towards a more neutral approach in government contracting, focusing on business qualifications rather than the racial or ethnic background of owners.