Federal contracting is a massive industry, but the paperwork and time required to bid on jobs can be overwhelming for small businesses. By raising the 'sole source' threshold, the bill aims to cut through that red tape, allowing small firms to grow faster by taking on larger, more profitable government projects.

For the average voter, this is about how tax dollars are spent and who gets to do the work. Supporters believe it helps disadvantaged entrepreneurs build wealth and makes government buying more efficient. On the other hand, reducing competition for contracts worth up to $10 million could potentially lead to higher costs for the government if only one company is considered for a job.