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This bill amends the Small Business Act to modify how the eligibility period for the 8(a) Business Development Program is calculated for small disadvantaged businesses. Instead of starting from the certification date, the eligibility period would begin on the earlier of either when the business is first awarded a contract under the program or two years after certification. The bill applies this change retroactively to current 8(a) participants who have not yet been awarded a contract, and requires the Small Business Administration to issue implementing regulations within six months.
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