S.Amdt. 2334Senate115th Congress (2017-2019)
S.Amdt. 2334
Sponsored by
Sen. Benjamin L. Cardin (D-MD)
Submitted June 6, 2018
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Senate amendment submitted
June 6, 2018
Text
Submitted
SA 2334. 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. ___. SIZE STANDARDS FOR SMALL BUSINESS CONCERNS. (a) Calculation on the Basis of Annual Average Gross Receipts.--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 ``over a period of not less than 3 years'' and inserting ``, which shall be calculated by using the 3 lowest annual average gross receipts of the business concern during the preceding 5-year period''. (b) Regulations.--Not later than 18 months after the date of enactment of this Act, the Administrator of the Small Business Administration shall promulgate regulations as necessary to implement the amendment made by subsection (a). ______