; and (II) shall, subject to clause (iii), award a contract to an emerging business enterprise if the head of a Federal agency determines the agency will not meet the goals established under this subparagraph for a fiscal year. (iii) Preference The preference described in clause (ii)(II) shall take priority over any preference for procurement from the procurement list established pursuant to section 8503 of title 41, United States Code, or the Federal Prison Industries catalog described under section 4124(d) of title 18, United States Code. (iv) Reports (I) Reports from agencies At the conclusion of each fiscal year, the head of each Federal agency shall report to the Administrator on the extent of participation by emerging business enterprises in procurement contracts of such agency. Such reports shall contain appropriate justifications for failure to meet the goals established under this subparagraph. (II) Reports to congress The Administrator shall annually compile and analyze the reports submitted by agencies pursuant to subclause (I) and shall submit to the President and the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives the compilation and analysis, which shall include the following: (aa) The goals in effect for each agency and the agency’s performance in attaining such goals. (bb) An analysis of any failure to achieve individual agency goals and the actions planned by such agency (that have been approved by the Administrator) to achieve the goals in the succeeding fiscal year. (cc) The total number and dollar value of prime contracts and subcontracts awarded to emerging business enterprises for each agency. (III) Annual presidential report on the state of small business The President shall include the information required by subclause (II) in each annual report to the Congress on the state of small business prepared pursuant to section 303(a) of the Small Business Economic Policy Act of 1980 ( 15 U.S.C. 631b(a) ). . (c) Fee