1. Short title This Act may be cited as the Incentivizing Fairness in Subcontracting Act . 2. Small business lower-tier subcontracting Section 8(d) of the Small Business Act ( 15 U.S.C. 637(d) ) is amended— (1) by amending paragraph (16) to read as follows: (16) Credit for certain small business concern subcontractors (A) In general For purposes of determining whether or not a prime contractor has attained the percentage goals specified in paragraph (6)— (i) if the subcontracting goals pertain only to a single contract with the Federal agency, the prime contractor may elect to receive credit for small business concerns performing as first tier subcontractors or subcontractors at any tier pursuant to the subcontracting plans required under paragraph (6)(D) in an amount equal to the dollar value of work awarded to such small business concerns; and (ii) credit is not permitted for subcontracts at any tier that are to be reported under a commercial plan or a Department of Defense comprehensive subcontracting plan. (B) Collection and review of data on subcontracting plans The head of each contracting agency shall ensure that— (i) the agency collects and reports data on the extent to which contractors of the agency meet the goals and objectives set forth in subcontracting plans submitted pursuant to this subsection