The purpose of the Transparency and Predictability in Small Business Opportunities Act is to improve transparency and support for small businesses that are affected by the cancellation of federal contract solicitations. The act aims to ensure that small businesses have access to information and assistance when a solicitation they were interested in is canceled. Key provisions of the act require the Small Business Administration (SBA) to create rules within 180 days of its enactment. These rules will mandate that federal agencies disclose specific information when they cancel a solicitation.