Last week, the House of Representatives voted to amend the Department of Transportation’s (“DOT”) definition of Disadvantaged Business Enterprises (“DBEs”) to include Veteran-Owned Small Business Concerns (“VOSBs”). This was accomplished by passing the “Fairness to Veterans for Infrastructure Investment Act of 2015” (the “Bill”). As the Bill states, its purpose is to improve contracting opportunities for veteran-owned small business concerns, and that is just what will happen if the Bill is signed into law.
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Disadvantaged Business Enterprise (DBE)
Third Circuit Allows for Offset when Calculating Loss in DBE Fraud Cases
By Edward T. DeLisle & Cohen Seglias on
In United States v. Nagle, the Third Circuit provided instruction on how to calculate the amount of “loss” defendants are attributed when being sentenced in a Disadvantaged Business Enterprise (“DBE”) fraud case. Going forward, in a DBE fraud case, the loss calculation must include consideration of the fair market value of the services rendered to the government under the affected contract, or contracts.
Continue Reading Third Circuit Allows for Offset when Calculating Loss in DBE Fraud Cases