Almost three years after the enactment of the Small Business Jobs Act of 2010, the SBA has issued the final rule implementing a critical component that establishes severe and unforgiving liability for government contractors when the size or status of a contractor or subcontractor is misrepresented. An inaccurate size or status representation is now deemed by law to be willful and intentional, raising the possibility that your company’s lack of adequate attention and due diligence may result in substantial civil and criminal penalties. To ensure that there are serious consequences, the rule imposes an automatic “presumption of loss,” which means that your company may owe the United States millions of dollars if you receive a small business contract and are not actually small, regardless of whether the government is injured.
Join Venable attorneys Dismas Locaria and James Boland for a breakfast briefing and discussion of important steps you should take to limit your exposure to severe liability.
To register, click here.