Apr 9, 2015

PETALUMA, Calif., April 8, 2015 /PRNewswire-USNewswire/ -- As a member of the House Small Business Committee, Congresswoman Janice Hahn from California's 44th District has proposed an amendment that would request a new Government Accountability Office (GAO) investigation into the diversion of billions of dollars in federal small business contracts unfairly awarded to Fortune 500 companies.
Congresswoman Hahn's decision to request the new GAO investigation was based on research by the American Small Business League (ASBL). Hahn expressed concern about the government's claim that 23% of all federal contracts were actually being awarded to small businesses when that number included billions of dollars to Fortune 500 firms such as Apple, Chevron, Disney, Verizon and Bank of America.
The last GAO investigation into the diversion of federal small business contracts to corporate giants was in 2002 and was prompted by information provided by ASBL President and founder Lloyd Chapman. That investigation found over 5,300 large businesses were receiving federal small business contracts. Chapman was invited to testify before the House Small Business Committee after the results of the GAO investigation were released. Read full article.

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