WASHINGTON, March 19 -- Small Business Administration has issued a rule called: Program Fraud Civil Remedies Act Regulations Statutory Updates.
The rule was published in the Federal Register on March 19 by Kelly Loeffler, Administrator.
Summary: The United States Small Business Administration (SBA) is amending the Program Fraud Civil Remedies Act regulations in 13 CFR part 142 to reflect changes made to the Program Fraud Civil Remedies Act of 1986 by the Administrative False Claims Act of 2023. These changes, among other things, revise the name of the administrative action from "Program Fraud Civil Remedies" to "Administrative False Claims" and increase the threshold for a claim from $150, 000 to $1, 000, 000. The Administrative False Cla...