SBA sued over withholding information
February 8, 2008 by ShannonCherry
Filed under Business
The American Small Business League has filed a suit against the Small Business Administration (SBA). The lawsuit claims SBA violated the Freedom of Information Act (FOIA) by refusing to release the names of Fortune 1,000 firms that were counted as small businesses and may have received SBA money.
News reports have shown giant corporations like Lockheed Martin, Boeing and Rolls-Royce have received small business contracting dollars after purchasing small firms with pre-existing government contracts. Until the rules changed in June, those firms were not required to change the status of those subsidiaries. Some estimate more than $100 billion were given to these large companies.
So the big question is: do you think this lawsuit will help the SBA reach out to small businesses?
Actually this is sickening. Government is so useless. Last time I looked Rolls Royce wasn’t even an American company.
This needs to be brought to the attention of 60 minutes or 20/20. The media needs to expose businesses that do this kind of stuff.
When we win this case against the SBA we will
have more information to prove the Bush Administration has given over 500 billion in small business contracts to Fortune 1000 firms. Lloyd Chapman, American Small Business League