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S. 3562 - Small Business Runway Extension Act of 2018

Introduced: 2018-10-09
Bill Status: Placed on Senate Legislative Calendar under General Orders. Calendar No. 636.
 
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Full Text


115th CONGRESS
2d Session
S. 3562


    To amend the Small Business Act to modify the method for prescribing size standards for business concerns.


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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Small Business Runway Extension Act of 2018”.

SEC. 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”.


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