The legislation would require OMB, EPA and the Department of Energy to lead the development of standards for measuring data center performance.
Plans have been in place since 2001 to create an integrated contractor database, but delays, cost overruns and development problems have pushed back the scheduled completion date to 2018.
Federal law enforcement officials say national reporting standards could help investigators uncover culprits.
Small Business Committee Chairman Sam Graves hopes that putting teeth in data reporting requirements will give smaller firms a better chance to compete for federal contracts.
Defense Department CIO is concerned the legislation might collide with internal Pentagon realignment efforts.
The IT acquisition bill, modified since it first went to the Senate in 2013, was approved by voice vote.
Cybersecurity is one of a few areas set to receive a boost, at the expense of troop strength.
Results of a study on barriers to government contracting are expected to be released in early March.