S. 3562 — Introduced in Senate

II 115th CONGRESS 2d Session S. 3562 IN THE SENATE OF THE UNITED STATES October 9, 2018Mr. Cardin introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Act to modify the method for prescribing size standards for business concerns. 1. Short title This Act may be cited as the Small Business Runway Extension Act of 2018. 2. Modification to method for prescribing size standards for business concerns 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 3 years and inserting 5 years.