US HB7154

Raises the sole source contract threshold for 8(a) Business Development Program participants from $7,000,000 to $10,000,000

Increases the sole source contract limit to $10,000,000 for small business concerns owned by economically disadvantaged individuals under Section 8(m)

Raises the sole source threshold to $10,000,000 for HUBZone small business concerns under Section 31 of the Small Business Act

Increases the sole source contract ceiling to $10,000,000 for service-disabled veteran-owned small business concerns under Section 36

Amends multiple sections of the Small Business Act (15 U.S.C. 631 et seq.) to standardize sole source contracting thresholds across various small business programs