Hank Johnson: “I recently introduced the Fairness and Transparency in Contracting Act, which will help level the playing field for…”

“I recently introduced the Fairness and Transparency in Contracting Act, which will help level the playing field for small businesses and ensure that publicly traded companies no longer masquerade and then receive contracts meant for small businesses. Small business contracts should go to small businesses. Unfortunately, loopholes in the system have resulted in subsidiaries of large corporations receiving Federal small business contracts. The GAO has found that small businesses across the Nation are the real losers when the Federal contracts are awarded to large firms that should not be eligible. Mr. Speaker, Congress should no longer turn a blind eye when large publicly traded and foreign-owned companies obtain Federal small business contracts. The Fairness and Transparency in Contracting Act will ensure that America's small businesses can compete. I urge my colleagues to support this legislation. ____________________”