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3 Sep, 2011

Obama Administration to Enact More Burdensome Regulations on Small Businesses | Business Wire

Federal small business contracting programs have been plagued by rampant fraud and abuse for over a decade.

Federal law requires 23 percent of all federal contracts be awarded to small businesses. Yet the Obama Administration’s 2010 small business contracting data showed that most small business contracts actually go to large businesses. An ASBL analysis of the data found that 61 of the top 100 small business contractors were large businesses.

Since 2003, a series of federal investigations have found that companies like General Electric, Northrop Grumman, Lockheed Martin, British Aerospace (BAE) and Finmeccanica, a defense conglomerate based in Italy with over 70,000 employees, have all received federal small business contracts.

via Obama Administration to Enact More Burdensome Regulations on Small Businesses, According to the American Small Business League | Business Wire.