Sec. 872. Size standard calculations for certain small business concerns
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Section 3(a)(2)(C) of the Small Business Act ( 15 U.S.C. 632(a)(2)(C) ) is amended by inserting (including the Administration when acting pursuant to subparagraph (A)) after no Federal department or agency . The Administrator of the Small Business Administration shall issue a final rule implementing the Small Business Runway Extension Act of 2018 ( Public Law 115–324 ) not later than December 17, 2019. Section 3(a)(2)(C)(ii)(II) of the Small Business Act ( 15 U.S.C. 632(a)(2)(C)(ii)(II) ) is amended by striking not less than .
Section 3(a)(2)(C)(ii)(III) of the Small Business Act ( 15 U.S.C. 632(a)(2)(C)(ii)(III) ) is amended by striking not less than 3 years and inserting 5 years . Not later than 30 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall implement a transition plan to assist business concerns and Federal agencies with compliance with the requirements of the Small Business Runway Extension Act of 2018 ( Public Law 115–324 ). The transition plan described under paragraph
(1)shall include a requirement that, during the period beginning on December 17, 2018, and ending on the date that is 6 months after the date on which the Administrator issues final rules implementing the Small Business Runway Extension Act of 2018 ( Public Law 115–324 ), allows the use of a 3-year calculation for a size standard to be applied to a business concern if the use of such 3-year calculation allows such concern to be considered a small business concern under section 3(a)(1) of the Small Business Act ( 15 U.S.C. 632(a)(1) ). In this subsection, the term 3-year calculation means— with respect to a business concern providing services described under clause (ii)(II) of such section, a determination of the size of such concern on the basis of the annual average gross receipts of such concern over a period of 3 years; and with respect to a business concern described under clause (ii)(III) of such section, a determination of the size of such concern on the basis of data over a period of 3 years. Not later than 90 days after the date of the enactment of this Act, the System for Award Management (or any successor system) shall be updated to comply with the requirements of this Act.
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Sec. 872
Size standard calculations for certain small business concerns
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