Rubio, Cotton Introduce Bill to Support Small Businesses in Defense
May 03, 2024
May 03, 2024
WASHINGTON, May 3 -- Sen. Marco Rubio, R-Florida, issued the following news release:
Current laws and regulations require strict and complicated cost data disclosures for a business to receive certain U.S. Department of Defense (DoD) contracts. The high cost and complexity of the tools required to meet these regulations have created a barrier to entry for small businesses. As such, the U.S. government created a pilot program that raised the threshold at which cost and pricing data b . . .
Current laws and regulations require strict and complicated cost data disclosures for a business to receive certain U.S. Department of Defense (DoD) contracts. The high cost and complexity of the tools required to meet these regulations have created a barrier to entry for small businesses. As such, the U.S. government created a pilot program that raised the threshold at which cost and pricing data b . . .