Sen. Gary Peters (D-MI) has announced he will introduce a bill, co-sponsored by Sen. Susan Collins (R-ME) called the Procurement Fraud Prevention Act, with the aim of preventing small businesses from being defrauded when they register to bid for federal contracts. The bill “would require small businesses to be notified that free assistance is available for help in procuring government contracts through federal programs,” such as the Procurement Technical Assistance Centers (PTACs), the Small Business Administration (SBA) programs. The senators hope to prevent small businesses from falling victim to scam contract assistance programs.
Full Story: U.S. Senate
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