{
  "id": 4172962,
  "title": "Trump's SBA wants to reclassify billion-dollar corporations as 'small businesses,' opening door to federal contracts",
  "url": "https://urgent.news/2026/08/28/trumps-sba-wants-to-reclassify-billion-dollar-corporations-as-small",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T10:00:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/small-business/articles/trumps-sba-wants-reclassify-billion-100000284.html"
  },
  "original_language": "en",
  "account": "The Trump administration is proposing a significant change to the Small Business Administration's (SBA) classification of businesses as \"small,\" potentially expanding the definition to include billion-dollar publicly-traded corporations. The SBA formally proposed this rule change on August 20, aiming to include roughly 114,000 additional businesses in the \"small business\" category following a public comment period ending on September 21. If passed, the new revenue limit for a business to be considered small would rise from $47 million to $867 million for investment banking companies. Similarly, the limit for firms dealing with fiduciary activities would increase to just over $1 billion. The SBA argues that this change would provide the federal government with access to a larger pool of businesses for awarding contracts and providing financial assistance. However, some small business groups and a Democratic senator have criticized the proposal, arguing it could diminish opportunities for truly small businesses and make it easier for larger companies to compete for government contracts.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}