1. Short title This Act may be referred to as the ESOP Business Act of 2018 . 2. Findings Congress finds the following: (1) Businesses wholly-owned through an ESOP— (A) offer unique benefits to the United States and to customers of such businesses; (B) provide better retirement security, work culture, and wage growth for workers; and (C) reduce wealth inequality among managers and employees. (2) Current Federal contracting laws may inadvertently exclude businesses wholly-owned through an ESOP from key projects. (3) The growth of the number businesses wholly-owned through an ESOP benefits employees of such businesses. 3. Sense of Congress It is the sense of Congress that— (1) businesses wholly-owned through an ESOP are beneficial to the economy; (2) Congress should provide incentives for businesses to become businesses wholly-owned through an ESOP; and (3) businesses wholly-owned through an ESOP should be rewarded through the Federal contracting process for the benefits that such businesses provide. 4. Full and open contract competition for businesses wholly-Owned through an ESOP (a) Full and open contract competition Section 3301 of title 41, United States Code, is amended— (1) in subsection (a), by inserting in subsection (d) and before in sections 3303, 3304(a), and 3305 ; and (2) by adding at the end the following: (d) Businesses wholly-Owned through an ESOP A business wholly-owned through an ESOP may submit a bid to an executive agency conducting a procurement for property or services under section 3303, 3304(a), or 3305. . (b) Use of noncompetitive procedures Section 3304(b) of title 41, United States Code, is amended— (1) in paragraph (1), by striking or after procurement; ; (2) in paragraph (2)(B), by striking the period and inserting ; or