Sec. 1342. ANNUAL CERTIFICATION
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## SEC. 1342 ANNUAL CERTIFICATION Section 3 of the Small Business Act (15 U.S.C. 632), as amended by section 1341, is amended by adding at the end the following: > > ### “(x) Annual Certification > > > #### “(1) In general > > Each business certified as a small business concern under this Act shall annually certify its small business size and, if appropriate, its small business status, by means of a confirming entry on the Online Representations and Certifications Application database of the Administration, or any successor thereto. > > > #### “(2) Regulations > > Not later than 1 year after the date of enactment of this subsection, the Administrator, in consultation with the Inspector General and the Chief Counsel for Advocacy of the Administration, shall promulgate regulations to ensure that— > > > ##### “(A) > > no business concern continues to be certified as a small business concern on the Online Representations and Certifications Application database of the Administration, or any successor thereto, without fulfilling the requirements for annual certification under this subsection; and > > > ##### “(B) > > the requirements of this subsection are implemented in a manner presenting the least possible regulatory burden on small business concerns.” > .
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Sec. 1342
ANNUAL CERTIFICATION
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