[Congressional Record Volume 164, Number 41 (Thursday, March 8, 2018)]
[Senate]
[Page S1614]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2190. Mr. CARDIN submitted an amendment intended to be proposed to 
amendment SA 2151 proposed by Mr. Crapo (for himself, Mr. Donnelly, Ms. 
Heitkamp, Mr. Tester, and Mr. Warner) to the bill S. 2155, to promote 
economic growth, provide tailored regulatory relief, and enhance 
consumer protections, 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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