Small Business Runway Extension Act of 2018

Bill: 115-s-3562
Sponsor: full_name: Sen. Cardin, Benjamin L. [D-MD]
Introduced: 2018-10-09
Policy area: Commerce
Subjects: Small business
Latest action: action_date: 2018-12-11
text: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-431.

Summaries:
action_date: 2018-10-09
action_desc: Introduced in Senate
text: <p><b>Small Business Runway Extension Act of 2018</b></p> <p>This bill amends the Small Business Act to revise certain requirements for prescribing size standards for small businesses. Such standards shall be calculated using average annual gross receipts of such businesses from at least the previous five (rather than&nbsp;three) years.</p>

tv_txt: II 115th CONGRESS 2d Session S. 3562 IN THE SENATE OF THE UNITED STATES October 9, 2018 Mr. Cardin introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Act to modify the method for prescribing size standards for business concerns.

1. Short title This Act may be cited as the Small Business Runway Extension Act of 2018 . 2. Modification to method for prescribing size standards for business concerns Section 3(a)(2)(C)(ii)(II) of the Small Business Act ( 15 U.S.C. 632(a)(2)(C)(ii)(II) ) is amended by striking 3 years and inserting 5 years .

tv_txt: II Calendar No. 636 115th CONGRESS 2d Session S. 3562 IN THE SENATE OF THE UNITED STATES October 9, 2018 Mr. Cardin introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship October 11, 2018 Reported by Mr. Risch , without amendment A BILL To amend the Small Business Act to modify the method for prescribing size standards for business concerns.

1. Short title This Act may be cited as the Small Business Runway Extension Act of 2018 . 2. Modification to method for prescribing size standards for business concerns Section 3(a)(2)(C)(ii)(II) of the Small Business Act ( 15 U.S.C. 632(a)(2)(C)(ii)(II) ) is amended by striking 3 years and inserting 5 years .

October 11, 2018 Reported without amendment