Regulation

Statutory provisions relevant to

Amendment to SBA Form 355, Information for Small Business Size Determination
Paperwork Reduction Act Submission

I. The National Defense Authorization Act for Fiscal Year 2021, Public Law 116-283, section 863, enacted 1/1/21

SEC. 863. EMPLOYMENT SIZE STANDARD REQUIREMENTS FOR SMALL BUSINESS

CONCERNS.

(a) In General.--Section 3(a)(2) of the Small Business Act (15

U.S.C. 632(a)(2)) is amended--

(1) in subparagraph (A), by inserting ``and subject to the

requirements specified under subparagraph (C)'' after ``paragraph

(1)''; and

(2) in subparagraph (C)--

(A) by inserting ``(including the Administration when

acting pursuant to subparagraph (A))'' after ``no Federal

department or agency''; and

(B) in clause (ii)(I) by striking ``12 months'' and

inserting ``24 months''.

(b) Effective Date.--This section and the amendments made by this

section shall take effect 1 year after the date of the enactment of

this Act.

II. The Small Business Runway Extension Act of 2018, Public Law No. 115-324, enacted 12/17/18

Be it enacted by the Senate and House of Representatives of the

United States of America in Congress assembled, <>

SECTION 1. <> SHORT TITLE.

This Act may be cited as the ``Small Business Runway Extension Act

of 2018''.

SEC. 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''.

11/11/2021