As part of an ongoing audit, the Small Business Administration has mandated that all companies participating in the 8(a) socioeconomic contracting program turn over their financial records by Jan. 5. SBA said Friday that all 4,800 8(a) participants must provide three fiscal years' worth of information including bank statements, financial statements, general ledgers, payroll registers, contracting and subcontracting agreements and employment records.
ATI Government Solutions and the Susanville Indian Rancheria tribe are suspended from federal business activities pending the probe's completion and findings. Three senior ATI executives are also suspended from working with the government, SBA said in a Tuesday Sam.gov notice. SBA Administrator Kelly Loeffler announced the probe in a post to X on Wednesday, while the General Services Administration is reviewing its contracts with ATI.