House votes in favor of small businesses

After some wrangling earlier this week, the House has decided agencies should give 30 percent of their contracting dollars to small businesses.

This morning, the House voted 371 to 55 for an amendment that aims to return the benchmark to 30 percent, as required in the originally proposed Small Business Fairness in Contracting Act.

The proposed amount had decreased when the House Oversight and Government Reform Committee recently cut it to 25 percent, still 2 percent higher than the 23 percent goal current law dictates. Committee Chairman Rep. Henry Waxman (D-Calif.) voted against the amendment but for passage of the bill.

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