New SBA Chief Pressured to Stop Fraud

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New SBA Chief Pressured to Stop Fraud

By Keith Girard
AllBusiness.com
July 12, 2006

Steven C. Preston, who was sworn in by President Bush this week as head of the Small Business Administration, has already gotten a taste of the pressure he'll be under to reform the troubled agency.

The American Small Business League (ASBL), which has been a gadfly on SBA issues, asked Preston yesterday to release a list of all companies that competed for small business contracts in FY 2005.

ASBL President Lloyd Chapman noted that Preston promised during confirmation hearings to improve oversight for small business contracting, which Chapman says has been plagued by fraud and abuse.

"Steve Preston can prove what kind of administrator he intends to be by allowing the public access to the truth about federal small business contracting," said Chapman. "We'll soon know whether Preston will be part of the problem or part of the solution."





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