SBA Proposed Rule – Ownership and Control and Contractual Assistance Requirements for the 8(a) Business Development Program

This proposed rule would make several changes to the ownership and control requirements for the 8(a) Business Development program, including recognizing a process for allowing a change of ownership for a former Participant that is still performing one or more 8(a) contracts and permitting an individual to own an applicant or Participant where the individual can demonstrate that financial obligations have been settled and discharged by the Federal Government.