PETALUMA, Calif., July 14, 2015 /PRNewswire-USNewswire/-- During his first campaign President Obama released the statement, "Small businesses are the backbone of our nation's economy andwe must protect this great resource. It is time to end the diversion of federalsmall business contracts to corporate giants."

Now, six years later, federal investigators, investigativereports in the media and government watchdog groups agree the ObamaAdministration has continued to divert billions of dollars a month in federalsmall business contracts to Fortune 500 firms and their subsidiaries.

Public Citizen released a damming investigative report on May 6titled "Slighted: Accounting Tricks Create False Impression That SmallBusinesses Are Getting Their Share of Federal Procurement Money, and thePolitical Factors That Might Be at Play." Public Citizen found the ObamaAdministration has significantly misrepresented the true volume and percentageof federal contracts awarded to small businesses by including billions infederal small business contracts to Fortune 500 firms.

The American Small Business League released their annualevaluation of the latest data available from the Federal Procurement DataSystem and uncovered 179 Fortune 500 firms and their subsidiaries receivedfederal small business contracts last year. The single largest recipient offederal small business contracts for fiscal year 2014 was Verizon with over $125 million in awarded contracts meant for smallbusinesses.

Other corporate giants the Obama Administration has awardedsmall business contracts to include: Chevron, Apple, General Electric,AT&T, CVS, Hewlett Packard, UPS, Bank of America, Home Depot, Target,Microsoft, Wells Fargo, Pepsi, Coca-Cola, Boeing, Oracle, Raytheon, LockheedMartin, General Dynamics, Northrop Grumman, Honeywell International, BAESystems, Rolls-Royce, Sears and John Deere.

The Project on Government Oversight (POGO) has now joined PublicCitizen and the ASBL in objecting to the diversion of billions in federal smallbusiness contracts to corporate giants and the fabrication of the federalgovernment's achievement of the 23 percent government wide small business contracting goal.

On July 7, POGO released an articletitled "Federal Small Business Contracting: Fact or Fiction?"agreeing with the findings of Public Citizen and the ASBL.

Every year of the Obama Administration, PegGustafson, the SBA's Inspector General has named thediversion of federal small business contracts to large businesses as the numberone problem at the SBA.

On June 26, the Pentagon and the SBA ignored the findings ofthe SBA Office of Inspector General, Public Citizen, POGO and the ASBL andclaimed 24.99% of all federal contracts was awarded to small businesses.

"Our research found small businesses are receiving as littleas 5% of all federal contracts each year," stated ASBL President Lloyd Chapman.

Senate Small Business Committee Chairman, DavidVitter, is looking into abuses in federal small businesscontracting programs and has requested the SBA turn over a complete list of all firms that received federal smallbusiness contracts last year. 

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PETALUMA, Calif., July 2, 2015/PRNewswire-USNewswire/ -- An analysis by the American Small BusinessLeague (ASBL) has uncovered 179 Fortune 500firms and their subsidiaries received federal small business contracts infiscal year 2014. The study was based on the most recent information availablefrom the Federal Procurement Data System.

The largest recipient of federal small business contracts wasVerizon. Some of the other firms that received federal small business contractsin recentyears include: Chevron, Apple, General Electric, AT&T, CVS, HewlettPackard, UPS, Bank of America, Home Depot, Target, Microsoft, Wells Fargo,Pepsi, Coca-Cola, Boeing, Oracle, Raytheon, Lockheed Martin, General Dynamics,Northrop Grumman, Honeywell International, BAE Systems, Rolls-Royce, Sears andJohn Deere.

The ASBL research is consistent with the recent investigative report released by Public Citizen titled "Slighted:Accounting Tricks Create False Impression That Small Businesses Are GettingTheir Share of Federal Procurement Money, and the Political Factors That MightBe at Play."

ABC, CBS, NBC, CNN, CNBC, MSNBC, Fox News and RTTV alongwith dozens of stories in many of the largest newspapers in the country have all reported on the fraudand abuse in federal small business contracting programs.

As early as 2003, the Government Accountability Office uncoveredover5,300 large businesses were receiving federal small business contracts.

On June 26, the Pentagon and the SBA ignored the results ofthe May 6 Public Citizen report and held a jointmeeting to claim 24.99 percent of all federal contracts were awarded to smallbusinesses. Billions in contracts to Fortune 500 firms and their subsidiarieswere included in that number.

The research by ASBL, Public Citizen and federal investigatorshas found the SBA's data to be significantly inflated in two ways. The SBA uses a rulethey fabricated called the "exclusionary rule" to use a much lower federalacquisition budget in calculating the percentage of awards to smallbusinesses. The SBA also unlawfully created a "five yearrule" to include billions of dollars in contracts to Fortune 500companies and their subsidiaries in their small business data.

Both the "exclusionary rule" and the "five yearrule" have no basis in law and are in direct conflict with the provisionsof the Small Business Act. The Small Business Act defines a small business ashaving no more than 1500 employees and requires small businesses receive "not less than 23 percent of the total value of all primecontract awards for each fiscal year."

The House Small Business Committee unanimously adopted an amendment to call for a new GAOinvestigation into fraud in federal small business contracting programs,based on research done by Chapman's ASBL.

Senate Small Business Committee Chairman, DavidVitter, has demanded that SBA Administrator MariaContreras-Sweet provide him with a complete list of all firms that receivedfederal small business contacts in fiscal year 2014 for an upcoming hearing onthe issue.

To view full press release, click here: http://www.prnewswire.com/news-releases/government-small-business-data-includes-billions-to-fortune-500-firms-300108165.html?tc=eml_cleartime