News Summary

• A sweeping federal rule change would rewrite the definition of what the federal government considers a small business.
• Former federal officials, government procurement experts, and corporate law firms expect the new rule to turbocharge buyouts and bailouts throughout the whole economy.
• The rule change targets the Small Business Administration (SBA), a small but mighty agency in the federal bureaucracy.
• The agency will be drafting a final version of the rule after its fast-tracked 30-day public comment period elapses on September 21.