PETALUMA, Calif., March 10, 2015/PRNewswire-USNewswire/ -- The Small Business Administration (SBA) hasannounced they will be releasing the results of a study by the University of Maryland, on March 12, 2015,titled "Unintended Outcomes of Small Business Legislation and Policy."

The American Small Business League (ASBL) predicts the results ofthe study will certainly justify PresidentObama's intention to resurrect RonaldReagan's plan to permanently end all federal small business programs bycombining the SBA and the Department of Commerce.

ASBL President Lloyd ChapmanpredictedPresident Obama would try to close the SBA to cover-up widelyreported fraud at the agency in 2008.

Every year of the Obama Administration the SBA Office ofInspector General has named the diversion of federal small businesscontracts to large businesses as the number oneproblem at the agency.

ABC, CBS, NBC, CNN, Fox News, MSNBC, CNBC and RTTV haveall reported on the diversion of billions of dollars in federal small businesscontracts to Fortune 500 firms.

In 2009, the Government Accountability Office essentiallyaccused the SBA of encouraging fraud in Report 10-108 when they stated, "By failing to hold firms accountable, SBA and contractingagencies have sent a message to the contracting community that there is nopunishment or consequences for committing fraud."

In February the SBA finalized the "safe harbor from fraud penalties" policy that will essentially protect fraudulent firms from all prosecutionand penalties.

On Feb. 5, the SBA proposed another policy that will further dismantle smallbusiness subcontracting programs and divert billions in federal small businessdollars to Fortune 500 firms. This policy would allow Fortune 500 firms to ownup to 49% of a small business and perform up to 60% of the work of those firms. Contracts preformed by these entities would be reported as contracts to asmall business.

The SBA is also attempting to re-launch a policy they proposed in2014 that if adopted could force over 12,000 small business in the Information Technology (IT) industry out of the federalmarketplace.

Under this policy, small IT firms with annual sales in excess of$27.5 million would no longer qualify assmall businesses while billions in federal contracts to Fortune 500 firms wouldcontinue to be reported as small businesses contracts.

In December 2014, President Obamaalso renewed the Pentagon's ComprehensiveSubcontracting Plan Test Program into its 28^th year oftesting. Professor Charles Tiefer's legal opinion described the program as a "sham" and that "its extension will be seriouslyharmful to vital opportunities for small business… It should not have gottenits 25 years of extension as a never-tested 'Test Program.' Let itexpire."

A Pentagon spokeswoman acknowledged the program had harmed small businesses.

"Despite President Obama's glowing rhetoric about middleclass economics, the truth is he's determined to dismantle all federal programsto assist middle class small business," said ASBL PresidentLloyd Chapman.

To view full press release, click here: http://www.prnewswire.com/news-releases/sba-to-host-meeting-critical-of-small-business-programs-300048323.html