US HR2345

Bill

Clarifying the Small Business Runway Extension Act

Introduced
04/18/2019

In Committee
04/18/2019

Crossed Over
07/16/2019

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Clarifying the Small Business Runway Extension Act Clarifying the Small Business Runway Extension Act t 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.

AI Summary

This bill clarifies the Small Business Runway Extension Act of 2018, which requires the Small Business Administration (SBA) to establish size standards for small businesses based on their average annual gross receipts over a five-year period (previously, at least a three-year period). The bill mandates that the SBA issue a final rule implementing the Act by December 17, 2019, and develop a transition plan to assist businesses and federal agencies in complying with the new requirements. During the transition period, the bill allows businesses to use a three-year calculation to determine their size if it results in them being considered a small business. The bill also requires the System for Award Management to be updated to comply with the provisions of this legislation.

Committee Categories

Business and Industry

Sponsors (3)

Pete Stauber (R)*, Angie Craig (D), Jared Golden (D),

Last Action

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (on 07/16/2019)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/2345/all-info

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/2345/all-info
BillText	https://www.congress.gov/116/bills/hr2345/BILLS-116hr2345eh.pdf
Bill	https://www.congress.gov/116/bills/hr2345/BILLS-116hr2345eh.pdf.pdf
BillText	https://www.congress.gov/116/bills/hr2345/BILLS-116hr2345rh.pdf
Bill	https://www.congress.gov/116/bills/hr2345/BILLS-116hr2345rh.pdf.pdf
BillText	https://www.congress.gov/116/bills/hr2345/BILLS-116hr2345ih.pdf
Bill	https://www.congress.gov/116/bills/hr2345/BILLS-116hr2345ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR2500	National Defense Authorization Act for Fiscal Year 2020	Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 512.	Related
HRes476	Providing for consideration of the bill (H.B. 2500) to authorize appropriations for fiscal year 2020 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes, and providing for consideration of motions to suspend the rules.	Motion to reconsider laid on the table Agreed to without objection.	Similar To
HRes758	Providing for consideration of the bill (H.B. 3) to establish a fair price negotiation program, protect the Medicare program from excessive price increases, and establish an out-of-pocket maximum for Medicare part D enrollees, and for other purposes; providing for consideration of the bill (H.B. 5038) to amend the Immigration and Nationality Act to provide for terms and conditions for nonimmigrant workers performing agricultural labor or services, and for other purposes; and providing for consid	Mr. Nadler moved to table the motion to reconsider	Similar To
S1790	National Defense Authorization Act for Fiscal Year 2020	Became Public Law No: 116-92. (TXT \| PDF)	Related

Bill > HR2345

US HR2345

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary