A bill to amend the Small Business Act to improve procurement opportunities for small business concerns.

(Reported to House from the Committee on Small Business with amendment, H. Rept. 96-1003)

Amends the Small Business Act to specify that contract priority shall be given to small businesses. Revises the existing priority order for Federal contracts under set-aside programs to set forth the following order of priorities: (1) small businesses located in labor surplus areas, on the basis of a total set-aside; (2) small businesses, on the basis of a total set-aside; (3) small businesses located in labor surplus areas, on the basis of a partial set-aside; (4) small businesses, on the basis of a partial set-aside; and (5) businesses (regardless of size) that will perform a substantial part of their contract production in areas of concentrated unemployment or underemployment or in labor surplus areas.

Repeals the existing provision terminating such priorities as of September 30, 1980.

Provides that this Act shall take effect October 1, 1980.