H.R.4420 - Small Business Contracting Protection Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Sestak, Joe [D-PA-7] (Introduced 01/12/2010)|
|Committees:||House - Small Business|
|Latest Action:||01/12/2010 Referred to the House Committee on Small Business. (All Actions)|
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Summary: H.R.4420 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (01/12/2010)
Small Business Contracting Protection Act of 2010 - Directs the Administrator of the Small Business Administration (SBA) to issue regulations defining the term "pass-through business" with respect to another business, for purposes of possible misrepresentation in obtaining SBA-administered small business loans. Outlines criteria for determining whether an entity qualifies as a pass-through business for such purposes.
Provides penalties for misrepresentation as a pass-through business.