When small businesses compete for government contracts, the government saves billions of dollars, and thousands of private sector jobs are created through these investments. However, the process of contracting can be needlessly time-consuming and onerous for small businesses to navigate. Last year, the Federal Government failed to meet the requirement for contracts awarded to small businesses. This complicated procurement procedure is hindering job creation and slowing our economic recovery. Last week I introduced--along with my colleague, Representative Judy Chu from California--H.R. 3985, Building Better Business Partnerships Act of 2012. H.R. 3985 focuses on improving and streamlining mentor- protege programs which pair new businesses looking to increase their government contracts with more experienced businesses. My bill will make mentor-protege programs more efficient and successful by placing the SBA in charge of overseeing and setting standards for programs based on what we know works. Ultimately, H.R. 3985 will make it easier for small business firms to compete. ____________________
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