SPUR Act

This bill updates the federal “scorecards” that grade how well agencies award contracts to small businesses. The scorecards must now show how many small businesses won a prime contract for the first time, broken out by industry code and compared to the previous year. It also highlights first-time awards to businesses owned by service‑disabled veterans, located in HUBZones, owned by socially and economically disadvantaged individuals, and owned by women.

The bill defines a “new small business entrant” as a small business that has won a federal prime contract and has never won one before. It also clarifies what a “scorecard” is, as a rating that scores agencies on meeting small‑business contracting goals. The bill does not authorize any new funding.

• Who is affected: Federal agencies; small businesses, including those owned by service‑disabled veterans, HUBZone firms, socially and economically disadvantaged owners, and women.
• What changes: Annual scorecards must report first‑time small‑business awardees by industry and compare to the prior year; key terms are defined.
• Money: No new funds are authorized.