Washington, Sept. 15 -- Representative Suhas Subramanyam issued the following press release:
WASHINGTON, DC - Congressman Suhas Subramanyam (VA-10) spoke out on the Small Business Administration's (SBA) proposed rule to overhaul small business size standards. In a letter sent to SBA Administrator Kelly Loeffler and submitted to the Federal Register, Congressman Subramanyam outlined how the new rule would drastically increase the industry-specific annual revenue and employee caps that the SBA uses to determine who qualifies as a small business. The rule will make it easier for larger businesses to qualify for small business loan programs, as well as put thousands of larger businesses in direct competition with truly small businesses for the...