The Buy American Act of 1933
This is a brief overview of one of the building blocks of procurement law, The Buy American Act of 1933. The Act is the major domestic preference statue governing procurement by the Federal government.
Backlog from New Verification Rules at the VA Sparks Outcry from Lawmakers
Officials with the Department of Veterans Affairs got an ear-full from two House subcommittees last Wednesday who accused the agency of failure to comply with a law requiring Veteran-owned Small Businesses to receive priority for contract awards. Lawmakers charged VA Officials with failure to timely and effectively process certifications for Veteran-owned Small Businesses (VOSM) and Service-disabled, Veteran-owned Small Businesses (SDVOSB) to bid on set-aside contracts, claiming that inefficiency at the VA was excluding legitimate veteran-owned businesses from applying.
Reverse Auction Platform FedBid Receives an Undisclosed Bundle in Venture Cash
When it comes to reverse auctions in government contracting, there are several platforms out there but the 800 pound gorilla is FedBid. That gorilla is about to get even bigger with a huge infusion of cash it just received from Revolution Growth, the venture firm founded by AOL veterans Steve Case and Ted Leonsis.
L2 Hosts Next Generation Government Contractors MeetUp
L2 Federal Resources is proud to host the kickoff meetup of Next Generation Government Contractors. We can't wait to introduce ourselves and have the opportunity to meet other young people involved with government contracting. We have confirmed that Guy Timberlake, Chief Visionary of the American Small Business Coalition will be in attendance and will lend us some advice on how people new to the industry can get plugged in. Guy is a major connector in the government contracting industry, so we're lucky to have him!
FCPA Enforcements and Trials Exploded in 2011
Last year, the Justice Department and the Securities and Exchange Commission tried more cases under the Foreign Corrupt Practices Act (FCPA) than in any previous year, according to a year-end review released by Gibson, Dunn & Crutcher.