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Can an acquired SB that is no longer small complete their existing set-aside contracts and options?

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Did you look at FAR Part 19? To my knowledge the answer to you question is not in the FAR. Sometimes you need to look at other regulations to find acquisition answers. 

Do you know the regulations of the SBAs world? Have you looked at Title 13 of the CFR? How about 13 CFR § 121.404?

Could be yes could be no. 

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