Small business as an engine of economic growth - New rules will have a big impact
The Obama administration's multifaceted approach to the recession has focused recently on the central role played by small business enterprises as the engines of economic growth and job creation. In October, the Small Business Administration (SBA) responded with a far reaching Notice of Proposed Rulemaking (NPRM) containing several important changes that will significantly impact the small business regulatory environment. In a signal of the importance of these changes, the SBA extended the initial comment period until Jan. 28 and scheduled several public hearings on the NPRM.
Charles Lucy
Employment verification rules changing - E-Verify goes into effect next month
Last year, the federal government added a new requirement for all contractors - the E-Verify Program. The new program, which goes into effect on September 8, 2009, requires all contractors and any covered subcontractors to enroll in the E-Verify program within 30 calendar days after the contract or subcontract award date. Contractors must also start sending employment verification inquiries within 90 days of contract award.
Charles Lucy and John Scorsine
