Codification of the Rule of Two

Section 15(j) of the Small Business Act (15 U.S.C. 644(j)) is amended by adding at the end the following: (4) Rule of Two Each contract, task order, or delivery order for the purchase of goods or services that has an anticipated value greater than the simplified acquisition threshold shall be reserved for small business concerns when the contracting officer reasonably expects— (A) to obtain offers from 2 or more responsible small business concerns; and (B) to award the contract, task order, or delivery order at a fair market price..