August 14, 2020         
Amazon Announces New Fulfillment Center and Delivery Station in Forney, TX   •   On Social Security's 85th Anniversary, Survey Finds Nearly All Americans View Social Security as an Important Program   •   Izabela Podgorski, Ph.D., researcher at Karmanos Cancer Institute receives RO1 grant to continue research on metastatic prostate   •   Actions Speak Louder: Lincoln Financial Group Takes Steps to Improve Lives, Communities and the Environment   •   Compassionate Care launches Hospice services   •   HARMAN Launches AccuAlertMe – An Enterprise Platform to Enable Workplace Safety for Employees and Visitors   •   PokerDivas Partners with The Good Dog Foundation In a HOWL-O-WEEN Charity Online Extravaganza For Adults, Kids and Pets   •   MJH Life Sciences™ Hosts Expert-Driven “Debating the Road Back to School” Live Webinar   •   Memorial Hermann Introduces Children's Memorial Hermann Pediatrics   •   Black-Owned Cosmetics Brand, Juvia's Place, Launches $300,000 Business Grant For Black Entrepreneurs   •   It’s Never Too Early for Pumpkin Spice Beverages at Joe Muggs   •   Technovation Awards Nearly $30,000 USD in Cash and Prizes to Finalists in its Global Artificial Intelligence and Mobile App Tech   •   $2.6 Million in Legal Cannabis Product to Be Destroyed, Temescal Wellness Destroys All Quarantined Vape Cartridges   •   Rythmia Life Advancement Center Announces Sweeping Renovation of All Guest Rooms   •   Goulston & Storrs Attorney Karen O'Malley Named a 2020 "Top Woman of Law" by Massachusetts Lawyers Weekly   •   USA TODAY Names “100 Women of the Century” to Commemorate the 100th Anniversary of the 19th Amendment   •   Rachael Cabreira brings Cliovana™ to Innovative Wellness, Inc.   •   Blackbaud Security Incident Impacts March of Dimes Donors   •   Post Office Successfully Shuts Down Hate Speech During Pride Social Media Campaign, Leveraging Khoros to Manage Nearly 250,000 S   •   e.l.f. Cosmetics Makes TikTok History Again By Launching the First-Ever TikTok Reality Show
Bookmark and Share

New Bill Will Bring Billions in Federal Contracts to New York, According to the American Small Business League

 

PETALUMA, Calif.--(BUSINESS WIRE)-- The following is a statement by the American Small Business League:

A new bill that has been introduced in the House of Representatives could bring billions of dollars in new federal contracts to New York State. The bill, titled the Fairness and Transparency in Contracting Act of 2009, or H.R. 2568, was written to end the diversion of federal small business contracts to Fortune 500 firms.

The American Small Business League (ASBL) wrote the original draft of the bill and Georgia Congressman Hank Johnson (D - GA) introduced the bill in the House of Representatives on May 21, 2009.

Since 2003, over a dozen federal investigations have found that billions of dollars in federal small business contracts have actually gone to Fortune 500 firms and thousands of other large businesses. In Report 5-15, the Small Business Administration Office of Inspector General (SBA IG) referred to the problem as, "One of the most important challenges facing the Small Business Administration and the entire Federal government today…" (http://www.sba.gov/IG/05-15.pdf)

In February of 2008, President Barack Obama recognized the extent of the abuses when he released the statement, "It is time to end the diversion of federal small business contracts to corporate giants." (http://www.barackobama.com/2008/02/26/the_american_small_business_le.php)

H.R. 2568 will stop large businesses from taking federal small business contracts by using language from the Small Business Act, which defines a small business as being "independently owned." The bill prevents the federal government from awarding small business contracts to publicly traded firms. Publicly traded firms are publicly owned, and do not qualify as "independently owned."

The ASBL estimates that over $100 billion a year in federal small business contracts go to Fortune 500 firms and other clearly large businesses. New York's 1.9 million small businesses are receiving only a small portion of the federal small business contracts they should be receiving. If President Obama signs the bill into law, small businesses in the State of New York could see their volume of federal contracts increase by several billion dollars a year.

Congresswoman Nydia M. Velázquez (D - NY) is chair of the House Committee on Small Business, and is expected to play a key role in getting the bill passed through the House in record time. Congresswoman Velázquez has been an outspoken critic of the diversion of federal small business contracts to Fortune 500 firms. She has appeared on CBS and CNN to voice her strong opposition to the abuses. (http://www.youtube.com/watch?v=tD4LnAfjTow)

 

 

Contacts

American Small Business League
Communications Director
Christopher Gunn, 707-789-9575
cgunn@asbl.com

 

 

 

Source: American Small Business League

 



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News