The U.S. Small Business Administration (SBA) is making some technical changes to regulations that were published in October 2020. These regulations combined two programs, the 8(a) Business Development Mentor-Protégé Program and the All Small Mentor-Protégé Program, to reduce confusion and inefficiencies. The corrections address how joint ventures are defined, clarifying which parts of the regulations apply to specific rules like the "ostensible subcontractor rule." These changes took effect on February 23, 2021.
Simple Explanation
The U.S. Small Business Administration made some small fixes to rules about two helper programs for small businesses that work together. These changes make it easier to know the rules, like who can be the boss and who can be the helper.