summary
Introduced
10/09/2018
10/09/2018
In Committee
10/11/2018
10/11/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Small Business Runway Extension Act of 2018
AI Summary
This bill, the Small Business Runway Extension Act of 2018, amends the Small Business Act to modify the method for prescribing size standards for business concerns. Specifically, it changes the period used to determine the size of a small business from 3 years to 5 years. This change allows small businesses to maintain their small business status for a longer period, providing them with more time to transition to a larger business size category.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-431. (on 12/11/2018)
Official Document
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