HOUSE 2345116th CongressReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Clarifying the Small Business Runway Extension Act

Last Action: 7/16/2019

Actions

2019-07-16Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
2019-07-15Motion to reconsider laid on the table Agreed to without objection.
2019-07-15On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5810-5811)
2019-07-15Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5810-5811)
2019-07-15DEBATE - The House proceeded with forty minutes of debate on H.R. 2345.
2019-07-15Considered under suspension of the rules. (consideration: CR H5810-5812)
2019-07-15Mr. Delgado moved to suspend the rules and pass the bill, as amended.
2019-06-13Placed on the Union Calendar, Calendar No. 85.
2019-06-13Reported (Amended) by the Committee on Small Business. H. Rept. 116-116.
2019-06-13Reported (Amended) by the Committee on Small Business. H. Rept. 116-116.
2019-04-18Referred to the House Committee on Small Business.
2019-04-18Introduced in House
2019-04-18Introduced in House

CRS Summary

As of 2019-07-15 (53)

Clarifying the Small Business Runway Extension Act

This bill addresses the statutory authority of the Small Business Runway Extension Act of 2018.

The Small Business Administration (SBA) is subject to the Act's requirements for prescribing size standards for small businesses.

The SBA must (1) issue a final rule implementing such Act by December 17, 2019, and (2) implement a transition plan to assist businesses and federal agencies in complying with the Act's requirements.

The bill calculates (1) size standards for small businesses providing services on the basis of the annual average gross receipts of the business over a five-year period (currently, at least a five-year period); and (2) the size of other businesses on the basis of data over a five-year period (currently, at least a three-year period).

The System for Award Management must be updated to comply with the requirements of this bill.

Cosponsors (2)

Jared Golden (D-ME)
Angie Craig (D-MN)

Subjects

Administrative law and regulatory procedures
Administrative remedies
Government information and archives
Small Business Administration
Small business

Read on Congress.gov

Sourced from Congress.gov (public domain).

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