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New SBA Rules Aim To Protect Small Biz Subcontractors

Law360, New York (October 5, 2011, 3:56 PM EDT) -- The U.S. Small Business Administration on Wednesday proposed regulations to heighten scrutiny of government contractors that subcontract with small businesses, requiring them to disclose when they delay or reduce payments to subcontractors or drop subcontractors included in bids.

The rule changes would implement provisions of the Small Business Jobs Act of 2010. It would apply to large businesses that hold contracts offering subcontracting opportunities worth more than $1.5 million for public building construction and more than $650,000 for all other contracts, according to the SBA's notice...
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