SBA Fixes Joint Venture Security Clearance Problem

Koprince Law – For joint ventures operating under the SBA’s regulations (including SBA-approved mentor-protege joint ventures), dealing with security clearances has been a particularly vexing issue: some contracting officers have insisted that a joint venture (an unpopulated, limited-purpose entity) separately obtain a Facility Security Clearance, even when both joint venture members hold FCLs. Soon, though, joint venturers will be able to stop worrying about obtaining separate FCLs for their unpopulated joint ventures.