Amends the Small Business Act to codify the Rule of Two for small business contracts.
Amends the Small Business Act to codify the Rule of Two, reserving contracts for small business concerns when two or more offers are expected and the contract can be awarded at a fair market price. The Rule of Two applies to contracts exceeding the simplified acquisition threshold, excluding delivery and task orders. This change aims to ensure fair competition and support small businesses in federal procurement processes.
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