Julian Bond said "I commend Chairman Kerry for his proposal to improve access for small business to participate in joint ventures. In the 1997 Small Business Reauthorization Act, we adopted provisions to allow small businesses to join together to compete for bundled contracts that otherwise would be too large for them to perform. However, current law requires the lead contractor to perform 50 percent of the value of the contract. This is still a significant obstacle. The Kerry/Bond amendment would allow the prime contractor to perform 33 percent of the contract if no other participant performs a greater proportion and if all other participants in the joint venture are small businesses." @ PoliticalQuotes.com

On the recordSeptember 26, 2001

I commend Chairman Kerry for his proposal to improve access for small business to participate in joint ventures. In the 1997 Small Business Reauthorization Act, we adopted provisions to allow small businesses to join together to compete for bundled contracts that otherwise would be too large for them to perform. However, current law requires the lead contractor to perform 50 percent of the value of the contract. This is still a significant obstacle. The Kerry/Bond amendment would allow the prime contractor to perform 33 percent of the contract if no other participant performs a greater proportion and if all other participants in the joint venture are small businesses.

Said by

Julian Bond

Alabama

Source

govinfo.gov

Editor's note · Context

Discussing an amendment to improve small business participation in joint ventures.

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