1. Short title This Act may be cited as the Corrective Action Report Oversight and Accountability Act . 2. Standardization of reporting on procurement goals for small business concerns Section 15(h) of the Small Business Act ( 15 U.S.C. 644(h) )— (1) in paragraph (1)— (A) in subparagraph (A), by striking fiscal year; and inserting the following: fiscal year, including— (i) the percentage of the total value of procurement contracts awarded to each such type of small business concern described in this subparagraph; (ii) the total value of procurement contracts awarded to each such concern; (iii) the number of small business concerns in each such type of small business concern described in this subparagraph that was awarded a procurement contract by the Federal agency; and (iv) the number of each such concern awarded a procurement contract by the Federal agency for the first time; ; and (B) in subparagraph (C), by inserting , including a discussion of the actions taken to implement previously proposed practices to meet such goals and an analysis of the efficacy of such practices after goals ; and (2) in paragraph (2)— (A) in subparagraph (D), by striking and at the end; (B) by redesignating subparagraphs (E) and (F) as subparagraphs (F) and (G), respectively; and (C) by inserting after subparagraph (D) the following new subparagraph: (E) a list of the best of the practices described in paragraph (1)(C); . 3. Compliance with CUTGO No additional amounts are authorized to be appropriated to carry out this Act or the amendments made by this Act. Such Act and amendments shall be carried out using amounts otherwise appropriated to the Administrator of the Small Business Administration.

September 1, 2023 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed