Bill · S. 3789· Senate(119-S-3789)
Prospectus Modernization Act of 2026
- Introduced
- 2/5/2026
- Last activity
- 2/5/2026 — Read twice and referred to the Committee on Environment and Public Works.
- Sponsored by
- Joni Ernst
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "Prospectus Modernization Act of 2026," seeks to temporarily adjust prospectus thresholds for certain General Services Administration projects. It proposes specific changes to the monetary limits found in section 3307 of title 40, United States Code. These adjustments would be in effect for fiscal years 2026 through 2028. The bill replaces existing dollar amounts with higher thresholds in specific paragraphs of the code.
Yes
Would business owners be better off under this?+3
Increasing procurement thresholds can streamline project processes for companies handling larger government contracts.
Does this make it easier to run a small business?+3
The bill increases procurement thresholds which may reduce administrative burdens for larger-scale GSA projects.
Does this improve buses, trains and other public transport?+1
Higher thresholds for GSA projects may facilitate more efficient movement of infrastructure-related procurement.
The opposite
Does this make what the government does easier for the public to see?-2
The bill removes the automatic adjustment requirement for these specific thresholds, which could reduce oversight of procurement amounts.
Who it would affect, and how
Potential Positive Impacts for People
- Adjusted Thresholds: The bill increases the dollar amounts used in section 3307(a) of title 40, United States Code, by substituting "$10,000,000" for "$1,500,000" in paragraphs (1) and (2), and "$5,000,000" for "$750,000" in paragraph (3). This acts as a temporary adjustment for General Services Administration projects during fiscal years 2026 through 2028 (Section 2(a)).
Potential Negative Impacts for People
- Removal of Adjustments: For the fiscal years 2026 through 2028, section 3307(h) of title 40, United States Code, shall not apply to the substituted amounts (Section 2(b)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+3
- Economy And Finance
- Improves Small Business Support+3
- Governance And Ideology
- Improves Government Transparency-2
- Environment Energy And Infrastructure
- Improves Public Transit+1
- 3/2/2026
- 1 Cosponsor added.
- 2/5/2026
- Read twice and referred to the Committee on Environment and Public Works.
- Introduced in Senate
Adam SchiffDemocrat · California