Small Business Size Standards: Adjustment of Monetary-Based Size Standards for Inflation

AGENCY:

U.S. Small Business Administration.

ACTION:

Interim final rule with request for comments.

SUMMARY:

The U.S. Small Business Administration (SBA or Agency) is adjusting the monetary-based industry size standards (i.e., receipts- and assets-based) for inflation that has occurred since the last adjustment in 2014. These size standards will be reviewed again as part of the ongoing second 5-year review of size standards, as mandated by the Small Business Jobs Act of 2010 (Jobs Act). Also adjusted for inflation are receipts-based size standards that apply to sales or leases of Government property and stockpile purchases.

DATES:

Effective Date: This rule is effective August 19, 2019.

Comment Date: Comments must be received on or before September 16, 2019.

Learn more: https://www.federalregister.gov/documents/2019/07/18/2019-14980/small-business-size-standards-adjustment-of-monetary-based-size-standards-for-inflation

The Government’s Historic Spending Spree Continues

Driven largely by the Defense Department, the federal government’s discretionary spending spiked to a seven-year high in fiscal 2018, with agencies obligating more than $554 billion for products and services, up $100 billion from 2015.

According to official spending data from the Government Accountability Office, the Defense Department accounted for $358 billion in contract obligations while civilian agencies, like the Veterans Affairs and Homeland Security departments, obligated $195 billion.

The government closed the 2018 fiscal year on a massive spending spree—due in part to funding increases after a delayed budget agreement—and early fiscal 2019 spending data indicates the government isn’t slowing down its contract spending.

Continue reading at https://www.nextgov.com/cio-briefing/2019/07/governments-historic-spending-spree-continues/158160/