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WASHINGTON, D.C. (KELO.com) — It’s a victory for small business.
A bipartisan bill led by Iowa Senator Joni Ernst to encourage innovation in contracting and expand opportunities for small businesses to work with the federal government has been signed into law.
The PRICE Act will ensure that small businesses are front and center in the acquisition process by encouraging government entities to adopt new and innovative practices, increase small business participation in government contracting, modernize the federal acquisition process, and report on how to improve mission outcomes and save taxpayer money.
