[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 2191. 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. __. 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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