SBA proposes overhaul of small business size standards

On August 20, the U.S. Small Business Administration (SBA) proposed a rule to overhaul small business size standards under 13 C.F.R. Part 121, proposing new standards with the goal of simplifying categorization rules and raising applicable size thresholds, allowing larger firms to qualify as small businesses.... By: Orrick, Herrington & Sutcliffe LLP