> ----- Original Message -----
> From: Doug Henwood
> Sent: 09/30/08 02:16 pm
> To: lbo-talk
> Subject: [lbo-talk] Fwd: Bailout Bill Hurts Small Business
>
> Hi Doug,
>
> Here is the section of the bailout bill we have serious concerns with.
> Essentially it will give the Secretary of Treasury the ability to
> suspend the Federal Acquisition Regulations (FAR) which governs
> federal contracting therefore allowing the potential to push small
> businesses out of federal contracting programs all together.
>
> Below is section 107 of the Emergency Economic Stabilization Act of 2008
>
> SEC. 107. CONTRACTING PROCEDURES.
>
> (a) STREAMLINED PROCESS.-For purposes of this Act, the Secretary may
> waive specific provisions of the Federal Acquisition Regulation upon a
> determination that urgent and compelling circumstances make compliance
> with such provisions contrary to the public interest. Any such
> determination, and the justification for such determination, shall be
> submitted to the Committees on Oversight and Government Reform and
> Financial Services of the House of Representatives and the Committees
> on Homeland Security and Governmental Affairs and Banking, Housing,
> and Urban Affairs of the Senate within 7 - 20 days.
>
> (b) ADDITIONAL CONTRACTING REQUIREMENTS.-In any solicitation or
> contract where the Secretary has, pursuant to subsection (a), waived
> any provision of the Federal Acquisition Regulation pertaining to
> minority contracting, the Secretary shall develop and implement
> standards and procedures to ensure, to the maximum extent practicable,
> the inclusion and utilization of minorities (as such term is defined
> in section 1204(c) of the Financial Institutions Reform, Recovery, and
> Enforcement Act of 1989 (12 U.S.C. 1811 note)) and women, and minority
> and women-owned businesses (as such terms are defined in section 21A(r)
> (4) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(r)(4)), in that
> solicitation or contract, including contracts to asset managers,
> servicers, property managers, and other service providers or expert
> consultants.
>
> (c) ELIGIBILITY OF FDIC.-Notwithstanding subsections (a) and (b), the
> Corporation-(1) shall be eligible for, and shall be considered in, the
> selection of asset managers for residential mortgage loans and
> residential mortgage-backed securities; and (2) shall be reimbursed by
> the Secretary for any services provided.
>
> Contact me to book an interview with our President Lloyd Chapman to
> discuss this bill and how it will significantly harm our small
> businesses.
>
> Very Best,
> Sonia
>
> Sonia Meyer | Public Relations Specialist
> American Small Business League
> 707.789.9575w | 707.789.9580f
> soniam at asbl.com | www.asbl.com
>
>
>
>
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