The U.S. Small Business Administration (SBA) is proposing to amend its regulations to implement provisions of the Small Business Jobs Act of 2010 and the National Defense Authorization Act for Fiscal Year 2013. Based on authorities provided in these two statutes, the proposed rule would:
- Establish a Government-wide mentor-protégé program for all small business concerns, consistent with SBA’s mentor-protégé program for participants in SBA’s 8(a) Business Development program.
- Make minor changes to the mentor-protégé provisions for the 8(a) program in order to make the mentor-protégé rules for each of the programs as consistent as possible.
- Amend the current joint venture provisions to clarify the conditions for creating and operating joint venture partnerships, including the effect of such partnerships on any mentor-protégé relationships.
- Make several additional changes to current size, 8(a) Office of Hearings and Appeals and HUBZone regulations, concerning among other things, ownership and control, changes in primary industry, standards of review and interested party status for some appeals.
SBA’s proposed rule, and a discussion of its provisions appears at: http://www.regulations.gov/#!documentDetail;D=SBA-2015-0001-0001.
SBA is seeking comments on the proposed rule, and comments must be received on or before April 6, 2015.