Bass, Berry & Sims attorney Richard Arnholt discussed contracting financial burdens in an article for National Defense Magazine outlining the potential for the new Trump administration to alleviate some regulations to lure new businesses into the government contract industry. As Richard points out, “contracting regulations in recent years have added hundreds of millions of dollars in costs to federal suppliers. ‘And most of that cost would be passed on to taxpayer as higher cost paid by agencies.’ Reporting and auditing, burdens are especially onerous for commercial companies and a ‘deterrent to doing business with the government.'”
The full article, “National Security in the Trump Era Is Focus of Reagan Defense Forum,” was published by National Defense Magazine on December 2, 2016, and is available online.