- The Trump administration has proposed a rule through the Small Business Administration to significantly increase the revenue and employee thresholds for companies classified as small businesses.
- Under the proposal, some companies making over $1 billion or employing up to 3,000 people would become eligible for federal small business loans, grants, and contracts.
- The proposal includes major threshold jumps across various sectors, such as raising the revenue limit for financial investment firms to $1.011 billion and political organizations to $632 million.
- Critics and industry experts warned that the rule could harm actual small businesses by forcing them to compete against large corporations for federal resources.
- The Small Business Administration defended the rule change as a way to reward growth and strengthen domestic supply chains, with public comments open through September 21.
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