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Senate Set to Debate SBA Bill

By Keith Girard
AllBusiness.com
August 24, 2006

The controversy over a Senate bill to reauthorize the Small Business Administration is likely to begin anew when Congress reconvenes after Labor Day.

At issue are two provisions that the nation's leading small business gadfly says will divert billions of dollars in government contracts to large corporations.

Lloyd Chapman, president and founder of the American Small Business League, says one loophole will allow large financial institutions that own an interest in a small company to reap the benefits of the Small Business Innovation Research Program. The second measure would increase the employee threshold (from 500 to 1,500) to qualify as a small business under SBA guidelines. Chapman notes that the average small business has 10 employees.

 
 

 
 

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