![](/images/2013/post-sep.jpg)
S. 3971, Small Business Contracting Transparency Act of 2024
S. 3971 would require the Small Business Administration (SBA) to publish annual reports on women-owned businesses, small businesses located in high-unemployment and low-income areas (also known as HUBZones), and service-disabled veteran small businesses.
Because the SBA collects most of the information required for the reports, CBO estimates the agency would need the equivalent of one full-time employee, at an average annual cost of $170,000, to compile the information and report to the Congress each year. In total, CBO estimates that implementing S. 3971 would cost $1 million over the 2024-2029 period. Any related spending would be subject to the availability of appropriated funds.
![](https://business.einnews.com/tracking/article.gif?aid=723555619§ion=cbo.gov&a=98E-DMfhH4L_KnON&i=bgPHCvXTO8crcEXH)
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.