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American Small Business League
Pelosi Backed Bills Let Billionaire Investors Hijack Small Business Contracts, According to the American Small Business League
August 30th, 2008
After receiving significant campaign contributions from the National Venture Capital Association (NVCA), and special interests representing the biotechnology industry, Speaker of the House, Nancy Pelosi (D - CA) has ramrodded legislation through the House of Representatives that will allow billionaire venture capitalists to hijack federal small business contracting programs. Thousands of legitimate small businesses across America could be forced to close their doors if the legislation becomes law. Both bills, H.R. 3567 and H.R. 5819 will require the average American small business to compete head-to-head with firms owned and controlled by the nation's wealthiest...
Source: Law & Health Weekly (2008-08-30)
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