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Small Business Act

A federal law that governs various programs and policies designed to support and regulate small businesses in the United States.

Small business concern

A business that meets specific size standards, usually based on revenue or number of employees, set by the Small Business Administration to qualify for government programs and contracts.

Federal contract

A legally binding agreement between a private company (like a small business) and an agency of the U.S. government for goods, services, or construction.

Made in America

A claim that goods or services are manufactured or produced in the United States, subject to specific legal definitions often related to the percentage of domestic content or origin of components.

Debarment

The act of officially excluding a company or individual from doing business with the federal government for a specific period due to misconduct or violations.

Restitution

The act of restoring something lost or stolen to its proper owner, or compensating for loss, damage, or injury; in this context, it refers to paying back money to the government.