While the GAO Report highlights much of the good that ANCs perform for shareholders and employees, its focus on financial reporting requirements that do not apply to non-publicly traded companies unfortunately has created an effort to single out these closely held corporations. ANCs have served their shareholders well, and operate in the commitment of self-determination. Congress should allow these companies to perform as Congress intended them to operate, rather than pursue legislation that does not benefit Alaska Native shareholders.
For more information, please contact Kevin Allis at (202) 758-2676.
NACA is a national Native advocacy organization based in Washington, D.C., and represents Tribal, Alaska Native Corporations, and Native Hawaiian Organizations across the country. NACA seeks to protect the economic self-sufficiency of America's indigenous people that is enhanced through the participation of its members in the SBA 8(a) program. NACA's members represent and provide benefits for nearly 700,000 Tribal members, Alaska Natives, and Native Hawaiians.
SOURCE Native American Contractors Association