We have received text from H.R. 5977: Common Repository for Small Businesses Act. This bill was received on 2025-11-07, and currently has no cosponsors.
Here is a short summary of the bill:
This bill, titled the Common Repository for Small Businesses Act, aims to establish a centralized system for collecting and managing information about suppliers that are seeking to provide products or services to the Department of Defense (DoD). The main points of the bill are as follows:
Establishment of a Supplier Repository
The bill requires the Assistant Secretary of Defense for Industrial Base Policy to create a repository of supplier information within 90 days of the bill's enactment. This repository will help facilitate the initial vetting of contractors who want to qualify as suppliers for the DoD.
Purpose of the Repository
The repository is intended to help streamline the process of qualification for suppliers by allowing them to provide necessary information in a single location, rather than needing to submit similar data to multiple prime contractors. This is expected to reduce the redundant efforts and time required by potential suppliers, making it easier for them to enter the defense supply chain.
Coordinated Efforts with Other Programs
The creation of the repository is to be conducted in collaboration with the Office of Small Business Programs within the DoD. This initiative will support various efforts aimed at:
- Conducting market research
- Enhancing supply chain resiliency
- Improving cybersecurity
- Providing secure cloud tools for procurement assistance
Public-Private Partnerships
The Assistant Secretary of Defense may also enter into cooperative agreements with contractors to establish this repository. This partnership is envisioned to:
- Reduce duplicative efforts in information gathering
- Cut down on the time required for suppliers to qualify
- Lower the costs involved for prime contractors in assessing potential suppliers
Summary
Overall, the bill seeks to create an efficient, centralized system that allows for easier access to supplier information for the Department of Defense, ultimately supporting the inclusion of small businesses in defense-related contracting by simplifying the qualification process.
Relevant Companies
- BA (Boeing Co.): As a major defense contractor, Boeing may find the repository beneficial for streamlining its supplier qualification processes.
- RTX (Raytheon Technologies Corp.): This company could leverage the repository to manage its extensive supply chain more efficiently.
- LMT (Lockheed Martin Corp.): Lockheed Martin might see reduced input requirements from suppliers due to the repository.
Representative Derek Schmidt Bill Proposals
Here are some bills which have recently been proposed by Representative Derek Schmidt:
- H.R.5977: To require the Assistant Secretary of Defense for Industrial Base Policy to establish a repository of supplier information to facilitate the qualification of suppliers, and for other purposes.
- H.R.5364: STOP FRAUD in Medicaid Act
- H.R.5211: Peace Officer Standards and Training Agency Information Access Clarification Act
- H.R.4465: To amend chapters 4, 10, and 131 of title 5, United States Code, as necessary to keep those chapters current and to correct related technical errors.
- H.R.4112: Congressional Review Reform Act of 2025
- H.R.3825: Kelsey Smith Act
You can track bills proposed by Representative Derek Schmidt on Quiver Quantitative's politician page for Schmidt.
Representative Derek Schmidt Net Worth
Quiver Quantitative estimates that Representative Derek Schmidt is worth $3.5M, as of November 12th, 2025. This is the 204th highest net worth in Congress, per our live estimates.
Schmidt has approximately $1.2M invested in publicly traded assets which Quiver is able to track live.
You can track Representative Derek Schmidt's net worth on Quiver Quantitative's politician page for Schmidt.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
