Business Development Regulations 13 CFR Parts 121 and 124
This rule proposes to make changes to the regulations governing the 8(a) Business Development (8(a) BD) and Small Disadvantaged Business (SDB) programs, and to the U.S. Small Business Administration’s (SBA or Agency) size regulations. Some of the changes involve technical issues such as changing the term ‘‘SIC code’’ to ‘‘NAICS code’’ to reflect the national conversion to the North American Industry Classification System. Other changes are more substantive and result from SBA’s experience in implementing the current regulations. For example, SBA has learned through experience that certain of its rules governing the 8(a) BD program are too restrictive and serve to unfairly preclude firms from being admitted to the program. In other cases, SBA has determined that a rule is too expansive or indefinite and has sought to restrict or clarify that rule. In one case wording changes are being proposed to correct past public or agency misinterpretation. Also, new situations have arisen that were not anticipated when the current rules were drafted and the proposed rule seeks to cover those situations. Finally, one of the changes, involving Native Hawaiian Organizations (NHO’s), implements a statutory change.
To view the complete rule, please see the attachment below.