The "Transparency and Predictability in Small Business Opportunities Act" aims to increase transparency and support for small businesses when federal agencies cancel contract solicitations. It mandates the Small Business Administration to create rules requiring agencies to disclose reasons for cancellation, plans for reissuance, and alternative contracting options. Additionally, it directs the Directors of Offices of Small and Disadvantaged Business Utilization to assist affected small businesses in finding similar opportunities. The Act specifies that no additional funds will be allocated for its implementation.
