Congress Directs SBA to Take Stab at COVID-19 Loan Fraud

President Biden signed two bills aimed at preventing fraud by participants within the Small Business Association on August 2, 2022. H.R. 7334 is titled the COVID-19 EIDL Fraud Statute of Limitations Act of 2022 (EIDL Act). H.R. 7352 is titled the PPP and Bank Fraud Enforcement Harmonization Act of 2022 (PPP Act). Both Acts establish a ten-year statute of limitations for fraud by borrowers under their respective programs. The head of the U.S. Small Business Administration, Administrator Isabella Casillas Guzman credited the Acts with a renewed ability to investigate and prosecute borrowers who committed fraud in SBA lending programs created to assist small businesses during the height of the COVID-19 pandemic.

For both programs, the main purpose is to put in place a a ten-year statute of limitations for fraud.

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Back to Basics: SBA’s Mentor-Protégé Program

One of the biggest gamechangers among Federal Contracting programs is the SBA’s Mentor Protégé Program. It provides an avenue for small businesses and large businesses to work together where they otherwise may not have been able to previously, helps federal contractors develop their companies, and can provide protection from affiliation. However, in order for businesses to take advantage of this program, the relationship between the mentor and protégé businesses must meet certain requirements. This entry in SmallGovCon’s Back to Basics series will provide a quick overview of some of the requirements and important areas for contractors to remember if they are considering participating in the SBA’s Mentor-Protégé Program.

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SmallGovCon Week in Review: August 15-19, 2022

Happy Friday, Readers. I wanted to send another thank you to Carter Merkle, Berbon Hamilton, and all the other folks who made the ICBS Show 2022 such a great experience. There were some informative speakers and a great opportunity for networking. I was very pleased to be able to speak about local opportunities related to the infrastructure law. Hope you have a nice weekend and enjoy the Week In Review.

This week saw some interesting federal contracting stories, including new deadlines for GSA MACs, working with agency small business offices, and a spotlight on OCIs.

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Webinar Event: Teaming and Partnering Strategies – with Koprince McCall Pottroff, August 23, 2022

Koprince McCall Pottroff LLC will be presenting a webinar hosted by Nebraska Business Development Center, Teaming and Partnering Strategies  will be on August 23 at 10:00am CDT.

In this webinar, government contracts attorneys Nicole Pottroff and John Holtz will break down the types of teaming agreements available for federal government contractors.  If you are interested in learning more about teaming strategies and the pros/cons and best practices associated with each type, you won’t want to miss out on this webinar.

If you’d like to join us for this webinar you can sign up for registration here.

Back to Basics: Veteran-Owned Businesses and SDVOSB Eligibility

To honor the sacrifice made by our country’s veterans, the federal government has made it a priority to set aside federal contracting opportunities for Service-Disabled Veteran-Owned Small Businesses (SDVOSB). To qualify for these opportunities, businesses must meet certain specifications in ownership and control. Let’s take a quick look at some the general qualifications needed to qualify as an SDVOSB and bid on SDVOSB set-aside contracts.

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