To require at least 5 percent of the total amount of funds obligated for contracts by the Department of Defense to be used for contracts entered into with small disadvantaged business concerns, historically Black colleges and universities, and certain minority institutions.

[AI summary unavailable — showing source text] Amends the Department of Defense Authorization Act, 1987 to require at least five percent of the total funds obligated for Department of Defense procurement contracts to be used for contracts entered into with small disadvantaged business concerns, historically Black colleges and universities, and certain minority institutions. (Currently, such percentage is a goal under such Act as opposed to a requirement.)…