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![handle is hein.congrecreports/crptxacdd0001 and id is 1 raw text is: AUT-ENTICATED
U.S.GOVERNMENT
INFORMATION
Calendar No. 636
115TH CONGRESS REPORT
2d Session JSENATE 1 115-431
SMALL BUSINESS RUNWAY EXTENSION ACT OF 2018
DECEMBER 11, 2018.-Ordered to be printed
Mr. RISCH, from the Committee on Small Business and
Entrepreneurship, submitted the following
REPORT
[To accompany S. 3562]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business and Entrepreneurship, to
which was referred the bill (S. 3562) to amend the Small Business
Act to modify the method for prescribing size standards for busi-
ness concerns, having considered the same, reports favorably there-
on without amendment and recommends that the bill do pass.
I. INTRODUCTION
S. 3562, the Small Business Runway Extension Act, was intro-
duced by the Committee's Ranking Member, Benjamin L. Cardin,
for himself on October 9, 2018. The bill would amend the Small
Business Act to modify the method for prescribing size standards,
using the preceding five years of annual average gross receipts,
rather than three, to determine a business's size. The bill was ap-
proved unanimously in a roll call vote as part of a manager's pack-
age.
II. HISTORY (PURPOSE & NEED FOR LEGISLATION)
The Small Business Act of 1953 (P.L. 83-163), as amended, au-
thorized the Small Business Administration (SBA) to establish size
standards for determining eligibility for federal small business as-
sistance.1 SBA has primarily measured the number of employees
and the average annual receipts in the previous three years to de-
115 U.S.C. §631.
89-010](ViewImageLocal?handle=hein.congrecreports/crptxacdd0001&div=1&collection=&method=preview&ext=.png&size=3)