S.Amdt. 3420

SA 3420. Mr. CARDIN submitted an amendment intended to be proposed by
him to the bill H.R. 6147, making appropriations for the Department of
the Interior, environment, and related agencies for the fiscal year
ending September 30, 2019, 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).
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