Public Law 85-568

Public Law 85-568, enacted in 1958, is a U.S. law that aimed to promote the development of small businesses through government contracting. It established the Small Business Administration (SBA) as a key player in supporting small firms, ensuring they had fair access to federal contracts. The law helped create programs that provide resources, guidance, and financial assistance to small businesses, promoting economic growth and job creation. Ultimately, it recognized the importance of small businesses in the economy and sought to level the playing field with larger corporations in securing government contracts.