SMALL BUSINESS ADMINISTRATION ISSUES RULE: REFORMS TO 13 CFR 124.103 TO REMOVE SBA'S 8(A) PROGRAM'S REBUTTABLE PRESUMPTION OF SOCIAL DISADVANTAGE FOR INDIVIDUALLY OWNED FIRMS ONLY. REFORMS DO NOT IMPACT ENTITY-OWNED FIRMS

WASHINGTON, Aug. 11 -- Small Business Administration has issued a rule called: Reforms to 13 CFR 124.103 To Remove SBA's 8(a) Program's Rebuttable Presumption of Social Disadvantage for Individually Owned Firms Only. Reforms Do Not Impact Entity-Owned Firms.

The rule was published in the Federal Register on Aug. 11 by Kelly Loeffler, Administrator.

Summary: The U.S. Small Business Administration ("SBA" or "Agency") amends its regulations to align the Section 8(a) Business Development Program (8(a) BD program) with constitutional requirements and the law. The rule applies onlyto the 8(a) BD eligibility of small businesses owned and controlled by individuals. It does not in any way amend or affect the eligibility of entity-owned small busin...