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