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The Supreme Court Decision - Implications for the Federal Strategic Sourcing Initiative (FSSI)
On June 29, 2015, a Supreme Court decision recognized the need for a Cost-Benefit Analysis. Congress should consider this decision in legislation on the Federal Strategic Sourcing Initiative (FSSI)
The Court has recognized the need for a Cost-Benefit Analysis (CBA) which addresses the "Costs" versus the "Benefits" of Federal Regulations.
For the Federal Government Contracting Community, this decision opens the door for a proper vetting of the FSSI which can be blamed for the displacement of small business and the resulting job loss. The Economic & Social Cost of Job Loss must be quantified as a significant Cost in the Cost-Benefit Analysis calculation.
It is clear, by this decision, that the Court has expressed concern for certain policies which may cause "More Harm Than Good."
Bornstein & Song FSSI Research has determined that a Cost-Benefit Analysis is essential to assess the FSSI impact on small business, job loss, and the US economy.
Congress as well as the Legislatures of the 30+ States with Strategic Sourcing should consider the need for a Cost-Benefit Analysis, in light of this ruling.
For more information on Bornstein & Song FSSI Research
Prof. Samuel D. Bornstein