Agencies are to evaluate whether an applicant presents a security risk
What the document says“evaluate whether a small business concern presents a security risk for any reason, through measures including-- ``(A) the due diligence process required under subsection (vv); ``(B) disclosures submitted under this subsection; or ``(C) coordination with the intelligence community”
Subsection (a)(1)(B) inserts a new paragraph (15) into subsection (g) of section 9 of the Small Business Act (15 U.S.C. 638), and subsection (a)(2)(B) inserts the same words as a new paragraph (19) of subsection (o). The inserted words name three measures the evaluation may run through: the due diligence process required under subsection (vv), disclosures submitted under the same subsection, and coordination with the intelligence community as defined in section 3 of the National Security Act of 1947 (50 U.S.C. 3003), with Federal law enforcement, and with other counterintelligence capabilities of the Federal Government.
What the document actually says“evaluate whether a small business concern presents a security risk for any reason, through measures including-- ``(A) the due diligence process required under subsection (vv); ``(B) disclosures submitted under this subsection; or ``(C) coordination with the intelligence community”
The agency must check if a small firm is a security risk. It can check in three ways. It can use the review this law calls for. It can use what the firm has told it. It can ask spy and police agencies.
This adds a step to how an agency picks who gets money. The agency looks at the firm before it hands over funds. The same words go into two places in the older law.
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