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CLM 059 Exam 2025 Questions and Answers Small businesses operate in an environment that includes a variety of entities, each with its own interests and influence on small business participation in Government acquisition - --CORRECT ANSWER--Congress generates the legislation that impacts acquisition regulations and policy. Since the Depression of the 1930s, when Congress first enacted legislation to help businesses recover from financial difficulties, Congress has enacted a number of laws; such as the Budget Control Act of 2010 and an annual National Defense Authorization Act (NDAA), that support and promote small businesses. The Small Business Act of 1953 created national policy to provide maximum opportunity for small businesses to participate in Government acquisitions as prime contractors and subcontractors. Additionally, the Act officially established the Small Business Administration (SBA) to implement the national policy. Other laws have established procurement goals for small businesses in Federal acquisitions. Assistance and Advocacy Groups ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1