News & Analysis as of

Office of Management and Budget North American Industry Classification System

Schwabe, Williamson & Wyatt PC

SBA Proposes Major Updates to Revenue-Based Size Standards

On August 22, 2025, the U.S. Small Business Administration (“SBA”) published a notice of proposed rulemaking under which the SBA proposes to increase revenue-based size standards for 263 industries (the “Proposed Rule”). ...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

The 2022 EEO-1 Filing Platform Is Opening Soon: Key Takeaways From the Updated Data Collection Instruction Booklet and FAQs

As we move closer to the October 31, 2023, opening date of the 2022 EEO-1 filing platform, the U.S. Equal Employment Opportunity Commission (EEOC) has issued an updated instruction booklet and set of answers to frequently...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Federal Contractors, Heads Up! New Audits, New Burdens, Less Time to Comply

On August 25, 2023, the U.S. Department of Labor’s (DOL) Office of Federal Contract Compliance Programs (OFCCP) issued an Office of Management and Budget (OMB)-approved, revised Supply and Service Scheduling Letter and...more

Morrison & Foerster LLP

OFCCP Releases Second List of Audits for 2023

On September 8, 2023, the Office of Federal Contract Compliance Programs (OFCCP) released a list of 1,000 establishments for supply and service federal contractors selected to receive advance audit notices known as Corporate...more

King & Spalding

FTC and DOJ jointly announced proposed changes to the HSR premerger notification form

King & Spalding on

On June 27, 2023, the FTC and DOJ (the Agencies) jointly announced proposed changes to the HSR premerger notification form. The Notice of Proposed Rulemaking, which appeared in the Federal Register, includes provisions that...more

Paul Hastings LLP

IRS Guidance Issued on Energy Community Bonus Credit

Paul Hastings LLP on

The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain renewable energy tax credit provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”).[1] The IRA additions included a new energy...more

Schwabe, Williamson & Wyatt PC

SBA Issues Final Rule on 2022 NAICS Code Update

On September 29, 2022, the U.S. Small Business Administration (SBA) issued a final rule amending its small-business size regulations to incorporate the U.S. Office of Management and Budget’s (OMB) North American Industry...more

Woods Rogers

SBA Proposes Increase in Small Business Size Standards For Certain Service Industries

Woods Rogers on

On November 27, 2020, the Small Business Administration (SBA) published a Proposed Rule to revise the small business size standards for businesses in five North American Industrial Classification System (NAICS) sectors in an...more

Lowenstein Sandler LLP

SBA Proposes New PPP Borrower’s Questionnaire: Mandatory For Loans Of $2 Million And More

Lowenstein Sandler LLP on

On October 26, 2020, the Small Business Administration (SBA) published a proposed Paycheck Protection Program (PPP) Loan Necessity Questionnaire for both for-profit and nonprofit borrowers in the Federal Register. This...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Toxics Release Inventory/Community Right-To-Know: U.S. Environmental Protection Agency Final Rule Adopting 2017 North American...

The United States Environmental Protection Agency (“EPA”) issued a December 26th Federal Register notice adopting a final rule addressing Section 313 of the Emergency Plan and Community Right-To-Know Act (“EPCRA”) Toxics...more

PilieroMazza PLLC

Weekly Update Newsletter - November 2016 #3

PilieroMazza PLLC on

DEPARTMENT OF DEFENSE, GENERAL SERVICES ADMINISTRATION, AND NATIONAL AERONAUTICS AND SPACE ADMINISTRATION - Clarification of Requirement for Justifications for 8(a) Sole Source Contracts - The Department of Defense...more

PilieroMazza PLLC

Weekly Update Newsletter - October 2016 #2

PilieroMazza PLLC on

GOVERNMENT CONTRACTS - Implementing Category Management for Common Goods and Services - The Office of Federal Procurement Policy (“OFPP”) in the Office of Management and Budget (“OMB”) has proposed the issuance of a...more

Foley & Lardner LLP

Factoryless Goods Producers May Be as Hypothetical as Their Domestic Factories

Foley & Lardner LLP on

Recently, the Office of Management and Budget (“OMB”) has considered a controversial new federal classification: “Factoryless Goods Producers” (“FGP”). FGP recognizes that a significant portion of the American workforce is...more

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