[Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]
[Senate]
[Page S4536]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 565. Mr. CARDIN submitted an amendment intended to be proposed by 
him to the bill H.R. 2810, to authorize appropriations for fiscal year 
2018 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 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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