Business Size Matters: Penalties For Mispresentation

Law360, New York (October 25, 2011, 12:26 PM EDT) -- Seeking to enhance the integrity of size representations, the Small Business Administration recently proposed that the measure of damages to the government for a concern that willfully misrepresents its size to gain a contract or subcontract is the total amount expended by the government. The SBA proposed this regulation on Oct. 7, 2011 (76 Fed. Reg. 62313-21) to implement provisions of the Small Business Jobs Act of 2011. These proposed regulations also clarify small business size and status certification requirements....

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