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Small Business Runway Extension Act of 2018

Floor Speech

Date: Sept. 25, 2018
Location: Washington, DC
Issues: Business and Consumers

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Mr. Speaker, I rise in support of H.R. 6330, the Small Business Runway Extension Act of 2018.

Over the years, Congress has created numerous Federal programs, set- asides, tax preferences, and SBA loan programs to help small businesses succeed. However, the advantages conferred by this program have led to heated debate over who is truly a small business and what an acceptable small business size standard is.

The answer is an important one, as it can be underinclusive, thereby pushing a firm outside the standard, or it can be overinclusive, allowing large firms to compete in these programs. The end result is the same: small firms deprived of Federal contracting opportunities.

This bill addresses the pressure placed on those businesses not able to compete against large entities from being prematurely placed outside their size standard by providing a more inclusive review of 5 years of their gross receipts.

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Ms. VELAZQUEZ.

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