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H.R. 3985 (112th): Building Better Business Partnerships Act of 2012

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


2/8/2012--Introduced. Building Better Business Partnerships Act of 2012 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to establish a mentor-protege program for all small businesses. (Under current law, the SBA mentor-protege program is limited to small businesses participating in the section 8(a) guaranteed loan program.)

Prohibits a federal department or agency from carrying out a mentor-protege program for small businesses unless the head of such department or agency submits a program plan to the Administrator and the Administrator approves it. Requires the Administrator to approve or disapprove a plan based on whether the proposed program: (1) will assist proteges to compete for federal prime contracts and subcontracts, and (2) complies with program regulations as issued by the Administrator under this Act.