ARTICLE · 27 NOVEMBER 2025

Treasury Announces Comprehensive Audit Of Preference-Based Contracts

Wiley Rein

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The U.S. Department of the Treasury has announced a "comprehensive audit" of all contracts and task orders awarded under the U.S. Small Business Administration's 8(a) Business Development Program and other preference-based contracting initiatives, such as the HUBZone program, the Service-Disabled Veteran-Owned Small Business program, and the Women-Owned Small Business program.

United StatesGovernment, Public Sector

WHAT: The U.S. Department of the Treasury has announced a "comprehensive audit" of all contracts and task orders awarded under the U.S. Small Business Administration's 8(a) Business Development Program and other preference-based contracting initiatives, such as the HUBZone program, the Service-Disabled Veteran-Owned Small Business program, and the Women-Owned Small Business program.

The audit will cover contracts under the purview of Treasury and its bureaus, totaling approximately $9 billion in contract value. Most of the contracts under review were awarded through what Treasury labeled "the Biden Administration's equity in procurement initiative."

In addition to the audit, Treasury has instructed its acquisition professionals to provide "detailed staffing plans and monthly workforce performance reports for all service contracts."

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