CALIF., Feb. 10, 2016 (GLOBE NEWSWIRE) -- The American Small Business League (ASBL) has released their
annual analysis of federal contracting data for fiscal year 2015. The ASBL's
analysis is based on the latest data from the Federal Procurement Data System.
They found in fiscal year 2015 Fortune 500 firms and thousands of clearly large
businesses received billions in federal small business contracts. Their
research found 151 Fortune 500 firms
landed government small business contracts in 2015.
over $108 million in small business contracts through their subsidiary
Terremark. Some of the other firms that received small business contracts last
year include: Apple, Microsoft, General Electric, Home
Depot, AT &T, UPS, Hewlett Packard, IBM, Bank of America,
Citigroup, Wells Fargo, Pepsi, Boeing, Oracle, Raytheon, Lockheed Martin, General
Dynamics, Northrop Grumman, Anthem and John Deere.
Government Accountability Office (GAO) released their first investigation into
corruption and fraud in federal small business contracting programs in 2003.
The GAO uncovered over 5,300 large businesses had
been the actual recipients of billions in US Government small business
year marks the sixteenth consecutive year that federal small business contracts
have been diverted to corporate giants.
Office of Inspector General released Report 5-15 that
described the diversion of small business contracts going to corporate giants
as, "One of the most important
challenges facing the Small Business Administration (SBA) and the
entire federal government today."
2014, Public Citizen released their investigation into fraud in government
small business programs titled "Slighted." They
accused the federal government of using accounting tricks to
"create false impression that
small businesses are getting their share of federal procurement money."
ABC, CBS, NBC, CNN, CNBC, MSNBC, Fox
News and RTTV along with dozens of stories in many of the
largest newspapers in the country have all reported on the fraud and
abuse in federal small business contracting programs.
Small Business Committee recently unanimously passed H.R. 4329
titled, "Transparency in Small Business
Goaling Act of 2016." That bill was supposed to modernize
the Small Business Act, but it contained no provision to halt the flow of
federal small business contracts to Fortune 500 firms and thousands of other
ASBL's research indicates middle class small businesses are being shortchanged
out of up to up to $200 billion a year00
billion a year. This is a result of the SBA's exclusions of
the majority of federal contracts from their calculations and the inclusion of billions in contracts
to large businesses.
opposed to adopting policies to end the rampant fraud, in 2014 the SBA adopted
their Safe Harbor From Fraud Penalties
policy that actually helps to protect fraudulent firms.
The American Small Business League plans
to release a full-length documentary this spring that will chronicle the
history of corruption and fraud in federal small business contracting programs.
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