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New federal policy could create billion-dollar loophole for corporate giants.(front page)(Brief article)
House Republicans issued a last minute proposal to the Small Business Reauthorization Act. The new policy would repeal existing Federal policy that prevents large companies from using their franchises as fronts in order to obtain small business contracts. Under the new policy, franchises of large companies would be granted small business status. ASBL President Lloyd Chapman said, "This policy is a recipe for disaster. If it passes, I guarantee that next year, you'll see hundreds of Fortune 1000 companies set up their divisions as franchises in order to improperly receive Federal small business contracts." Chapman noted that the SBA tried to pass a similar policy last summer ...
- New Federal Policy Could Create Billion-Dollar Loophole for Corporate Giants.
- Press release article from: PR Newswire June 12, 2006 700+ words
...Already Be Influencing Federal Policy PETALUMA, Calif...repeal an existing Federal policy that prevents large...to obtain small business contracts. Under the new...receive Federal small business contracts." Chapman noted...
- Obama Moves Closer to Policies to Divert Small Business Contracts to Venture...
- Press release article from: Business Wire May 27, 2009 700+ words
...in federal small business contracts to some of the...proponent of changes in federal policy that will allow...in federal small business contracts. President Obama...of federal small business contracts to corporate giants...
- Federal District Court Rules U.S. Small Business Administration Wrongfully...
- Press release article from: Business Wire May 3, 2005 700+ words
...stealing small business contracts." In her April...in federal small business contracts. Judge Illston...majority of small business contracts are going to large...helped eliminate a federal policy that allowed large...
- Battle in Congress Over Billions in Small Business Contracts Heats-Up.
- Press release article from: Business Wire June 10, 2009 700+ words
...investors to receive billions of dollars in federal small business contracts. The bill, H.R. 2767, the "Investing in Tomorrow...They have also been outspoken advocates of changes in federal policy and legislation that would allow venture capitalists and...
- New House Bill Lets Fortune 1000 Firms Keep Federal Small Business Contracts,...
- Press release article from: PR Newswire April 26, 2007 700+ words
...to stop the flow of federal small business contracts to Fortune 1000 companies and their...that currently have federal small business contracts. As early as 2003, the Small Business...business status for federal small business contracts. In 2006, the Senate Small Business...
- New House Bill Lets Fortune 1000 Firms Keep Federal Small Business Contracts,...
- Press release article from: Business Wire April 26, 2007 700+ words
...to stop the flow of federal small business contracts to Fortune 1000 companies and their...that currently have federal small business contracts. As early as 2003, the Small Business...business status for federal small business contracts. In 2006, the Senate Small Business...
- Department of Interior Awarded Over $430 Million in Small Business Contracts to...
- Press release article from: PR Newswire July 17, 2008 700+ words
...Received Over a Billion Dollars in Small Business Contracts from the Department of Interior PETALUMA...actual recipients of federal small business contracts. The report examined three tenths...5.7 million in federal small business contracts. According to the DOI Inspector...
- SBA Attempts to Minimize Diversion of Billions in Small Business Contracts to...
- Newspaper article from: Science Letter November 4, 2008 700+ words
...a small portion of federal small business contracts are diverted to large corporations...awarded more than $5 billion in small business contracts to large corporations from a sampling...nearly 40 percent of the small business contracts they analyzed went to large corporations...
