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 total dollar value of any subcontracts awarded to such small business concerns; and (ii) if the subcontracting goals pertain to more than one contract with one or more Federal agencies, or to one contract with more than one Federal agency, the prime contractor may only receive credit for first tier subcontractors that are small business concerns. (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; and (ii) the agency periodically reviews data collected and reported pursuant to subparagraph (A) for the purpose of ensuring that such contractors comply in good faith with the requirements of this subsection and subcontracting plans submitted by the contractors pursuant to this subsection. (C) Rule of construction Nothing in this paragraph shall be construed to allow a Federal agency to establish a goaling requirement for lower-tier subcontractors of a prime contractor that is eligible to receive lower-tier subcontracting credit under this paragraph