SECTION 1. Short Title.
This Act may be cited as the “Small Business Runway Extension Act of 2018”.
Small Business Runway Extension Act of 2018
An Act
To amend the Small Business Act to modify the method for prescribing size standards for business concerns.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
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”.