S.Amdt. 2333

SA 2333. Mr. CARDIN submitted an amendment intended to be proposed by
him to the bill H.R. 5515, to authorize appropriations for fiscal year
2019 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, 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 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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