S.Amdt. 2190

SA 2190. Mr. CARDIN submitted an amendment intended to be proposed to
amendment SA 2151 proposed by Mr. Crapo (for himself, Mr. Donnelly, Ms.
Heitkamp, Mr. Tester, and Mr. Warner) to the bill S. 2155, to promote
economic growth, provide tailored regulatory relief, and enhance
consumer protections, and for other purposes; which was ordered to lie
on the table; as follows:

At the appropriate place, insert the following:

SEC. __. EXCLUSION OF INDEPENDENT RESEARCH AND DEVELOPMENT
EXPENSES FROM ANNUAL RECEIPTS.

Section 3(a) of the Small Business Act (15 U.S.C. 632(a))
is amended by adding at the end the following:
``(10) Exclusion of independent research and development
expenses from receipts.--In determining the average annual
gross receipts of a small business concern, the
Administrator, at the request of the concern, may exclude
from consideration any expenses or expenditures for
independent research and development.''.
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