REQUIREMENT THAT FRAUDULENT BUSINESSES BE SUSPENDED OR DEBARRED.

SEC. 1682. REQUIREMENT THAT FRAUDULENT BUSINESSES BE SUSPENDED OR DEBARRED. (a) In General.—Section 16(d)(2)(C) of the Small Business Act (15 U.S.C. 645(d)(2)(C)) is amended by striking “on the basis that such misrepresentation indicates a lack of business integrity that seriously and directly affects the present responsibility to perform any contract awarded by the Federal Government or a subcontract under such a contract”. (b) [15 U.S.C. 645 note] Development and Promulgation of Guidance.—Not later than 270 days after the date of enactment of this part, the Administrator of the Small Business Administration shall develop and promulgate guidance implementing this section. (c) [15 U.S.C. 645 note] Publication of Procedures Regarding Suspension and Debarment.—Not later than 270 days after the date of enactment of this part, the Administrator shall publish and maintain on the Administration’s Web site the current standard operating procedures of the Administration for suspension and debarment, and the name and contact information for the individual designated by the Administrator as the senior individual responsible for suspension and debarment proceedings.