S. 3562 · 115th Congress
Small Business Runway Extension Act of 2018
- Stage
- Reported from committee
- Sponsor
- Benjamin Cardin
- Introduced
- 2018-10-09
- Latest action
- 2018-12-11 · By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-431.
Summary
Small Business Runway Extension Act of 2018
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 three) years.