[Congressional Record Volume 164, Number 93 (Wednesday, June 6, 2018)]
[Senate]
[Page S3248]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2333. Mr. CARDIN submitted an amendment intended to be proposed by 
him to the bill H.R. 5515, to authorize appropriations for fiscal year 
2019 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 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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