Bill Overview
Title: Extension of Authority to Acquire Innovative Commercial Items Act of 2022
Description: This bill extends the pilot program for authority to acquire innovative commercial items using general solicitation procedures through FY2027. The bill raises the maximum value of a contract under the program from $10 million to $25 million.
Sponsors: Sen. Peters, Gary C. [D-MI]
Target Audience
Population: businesses and entrepreneurs involved in creating innovative commercial items
Estimated Size: 50000
- The bill focuses on innovative commercial items, specifically their acquisition.
- The primary stakeholders are small businesses and startups in the U.S. that produce innovative commercial products.
- The global market for innovative commercial items is vast, but the direct legal impact is geared towards U.S. businesses.
- While not specifically stated, employees, innovators, and entrepreneurs involved in the creation and sale of innovative items will be indirectly affected.
Reasoning
- The policy significantly affects small businesses and startups that are engaged in the creation of innovative commercial products.
- There is a limited budget, which will guide who can actually take advantage of this policy and when.
- The policy extends beyond the USA, but legally only concerns U.S. businesses acquiring contracts through this program.
- I will include people who play different roles in this ecosystem: entrepreneurs, employees in startups, and those in more traditional businesses.
- The impact of this policy will vary significantly depending on how integral the policy's core aim—acquisition of innovative products—is to each person's work and experience.
Simulated Interviews
Startup Founder (Silicon Valley, CA)
Age: 35 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- This policy increases the chances of getting a government contract, which could help scale my business.
- Raising the contract limit to $25 million provides more flexibility and growth potential.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 9 | 7 |
| Year 10 | 7 | 6 |
| Year 20 | 6 | 5 |
Marketing Manager in a Startup (New York, NY)
Age: 29 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 7.0 years
Commonness: 13/20
Statement of Opinion:
- I see this policy as an opportunity for us to expand our client base, even internationally.
- It would be easier to keep our talented workforce with these large government contracts.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 7 | 6 |
Engineer (Austin, TX)
Age: 44 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 3.0 years
Commonness: 15/20
Statement of Opinion:
- The extension could allow us to diversify projects and secure stable revenue streams.
- It might mean job security if the company wins larger contracts.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 5 | 4 |
| Year 20 | 4 | 3 |
CEO of a Biotech Company (Raleigh, NC)
Age: 50 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- This policy might finally open doors to government cooperation for us.
- Larger contract sizes could attract more investors.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 7 |
| Year 10 | 9 | 6 |
| Year 20 | 6 | 5 |
Small Business Owner (Chicago, IL)
Age: 62 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 0.0 years
Commonness: 17/20
Statement of Opinion:
- The policy does not seem to affect my business, which does not produce innovative products.
- It's interesting but doesn't change much for us.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 7 | 8 |
| Year 20 | 7 | 7 |
Business Consultant (Seattle, WA)
Age: 38 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 8.0 years
Commonness: 12/20
Statement of Opinion:
- My clients will benefit significantly, which could increase my consulting fee income.
- Policy could spur more innovative startups to seek my services.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 9 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 8 | 6 |
University Professor (Boston, MA)
Age: 40 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 3.0 years
Commonness: 10/20
Statement of Opinion:
- This policy will likely increase collaborations between academia and industry.
- Students may have more real-world examples of startup success due to government contracts.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 5 |
Venture Capitalist (Dallas, TX)
Age: 45 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 8/20
Statement of Opinion:
- Increased contract sizes mean more security for my investments.
- It may encourage more entrepreneurs to launch innovative companies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 9 | 7 |
| Year 3 | 9 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 8 | 7 |
| Year 20 | 7 | 6 |
Startup Employee (Denver, CO)
Age: 28 | Gender: other
Wellbeing Before Policy: 5
Duration of Impact: 2.0 years
Commonness: 14/20
Statement of Opinion:
- The possibility of receiving government contracts eases my concerns about job cuts.
- More contracts could mean a more sustainable business environment at my workplace.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 5 | 4 |
| Year 20 | 4 | 3 |
Entrepreneur (Portland, OR)
Age: 32 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 9/20
Statement of Opinion:
- This policy simplifies the process and makes government contracts more attractive.
- It increases the perceived value of innovative commercial products.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 7 | 5 |
| Year 3 | 8 | 5 |
| Year 5 | 9 | 6 |
| Year 10 | 8 | 5 |
| Year 20 | 6 | 4 |
Cost Estimates
Year 1: $15000000 (Low: $10000000, High: $20000000)
Year 2: $17000000 (Low: $12000000, High: $22000000)
Year 3: $19000000 (Low: $14000000, High: $25000000)
Year 5: $25000000 (Low: $20000000, High: $30000000)
Year 10: $50000000 (Low: $40000000, High: $60000000)
Year 100: $100000000 (Low: $70000000, High: $130000000)
Key Considerations
- The scaling of contract size may require revising administrative and oversight frameworks to handle increased volume.
- Risks of overspending could occur if not properly monitored and evaluated through comprehensive auditing systems.