This legislation amends the Small Business Act to formally establish the "Rule of Two" within federal law. Its core objective is to enhance opportunities for small businesses by ensuring they receive priority consideration for certain government contracts. The bill stipulates that any contract, task order, or delivery order for goods or services with an anticipated value exceeding the simplified acquisition threshold must be set aside for small business concerns. This reservation is contingent upon the contracting officer reasonably expecting to receive offers from two or more responsible small businesses and being able to award the contract at a fair market price . This codification aims to provide a clearer and more consistent framework for small business participation in federal procurement.