I appreciate the time. I am very much concerned that the Kennedy amendment takes us backward. Under the Federal Activities Inventory Reform Act of 1998, the FAIR Act, agencies are examining activities to find what they do that duplicates activities done in the private sector. This would be done to see if these activities can be contracted out, to do those activities more cheaply and effectively. This would prevent the Federal Government from competing with the private marketplace. When the job is done in the private marketplace, not only do we avoid having to carry an additional Federal bureaucracy, we get to tax them if they make a profit and we get the benefits of the competition, the innovation, that small business brings. As the ranking member of the Senate Small Business Committee, I focused a lot of time and attention on what small businesses are able to do. We find there are some tremendous innovations and new ideas coming from small business. Whenever some action can be done effectively in the private sector, I believe the private sector should have the opportunity to do it.
Editor's note · Context
Discussing concerns about the Kennedy amendment related to federal contracting and small business innovation.
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