Today's Date: May 17, 2022
Equitable Bank Releases Inaugural ESG Performance Report   •   Hinge Health Releases 2022 State of Musculoskeletal Health Report   •   ComEd to Train, Hire 180 New Entry-level Employees in 2022 to Meet Demands of Illinois’ Clean Energy Transformation   •   Global Surrogacy Services Announces Outreach to Potential Gestational Surrogates in Three Southwestern States   •   Orion Talent Launches First Performance-based Diversity Hiring Platform   •   RNR Tire Express Surprises Tampa-Area Woman with New Car in Mother's Day Giveaway   •   Five Bluum Standouts Honored on CRN 2022 Women of the Channel List   •   Tracey Hayes from MicroAge Named on CRN's 2022 Women of the Channel Power 70 Solution Providers List   •   Mirvie Raises $60 Million Funding Round to Shape the Future of Pregnancy Health   •   Somnox Launches First Smart Sleep Companion Leveraging Biofeedback and Breathwork   •   Four recipients of the 2022 Awards of Excellence in Nursing announced from Indigenous Services Canada   •   Capstone Companies Announces First Strategic Update of 2022   •   Somnology and BodiMetrics Partner to Bring Medical-grade Sleep Wearables to Consumer Hands   •   Closing the Health Disparity Gap for Black Women   •   Checkmarx' Ana Lucia Amaral Honored as a CRN 2022 Woman of the Channel   •   NCCI Golf Event Generates $25,000 for Kids' Chance of America Scholarships   •   Thryv Recognized by 50/50 Women on Boards™ for its Gender-Balanced Board of Directors - Among Only 8 Percent of U.S. Corp   •   Mrs. Flowers Takes the Helm at Comfort Home Care, Rockville, MD   •   CRN Names Arcserve’s Jeannine Edwards to Its 2022 Women of the Channel Power 100 List   •   Labcorp to Speak at the UBS 2022 Global Healthcare Conference
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
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News