Economic Set-Aside Act of 1988

Summary

Economic Set-Aside Act of 1988 - Title I: Economic Set-Aside Policy of United States Government - Requires each Federal agency to award not less than ten percent of its contract funds to: (1) business concerns owned and operated by socially and economically disadvantaged individuals; and (2) historically Black colleges and universities, colleges and universities having a student body in which more than 40 percent of the students are Hispanic, and private and voluntary organizations controlled by individuals who are economically disadvantaged. Requires each Federal agency to award not less than ten percent of its contract funds to business concerns owned and operated by females. Requires Federal agencies to establish policies and procedures to implement such requirements. Title II: Commission on Economic Set-Asides - Establishes the Commission on Economic Set-Asides to enforce title I of this Act, assist Federal agencies in meeting title I requirements, and inform business concerns that may be eligible for the award of contracts under such Act of the benefits provided by title I. Requires the Commission to make annual reports to the Congress.

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1 official file

• Introduced in House

  summary · EN · 22 October 1988

  Open at official source

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