Small Business Set Asides Now Allowed Outside the U.S.: What You Need to Know

PilieroMazza – Effective May 26, 2022, the Federal Acquisition Regulation (FAR) gives contracting officers the discretion to apply the Small Business Act—implemented by FAR Part 19—outside the United States and its outlying areas.  This final rule could create significant business opportunities for small business government contractors capable of competing for overseas procurements.