Clarifying the Small Business Runway Extension Act
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Clarifying the Small Business Runway Extension Act
This bill addresses the statutory authority of the Small Business Runway Extension Act of 2018.
The Small Business Administration (SBA) is subject to the Act's requirements for prescribing size standards for small businesses.
The SBA must (1) issue a final rule implementing such Act by December 17, 2019, and (2) implement a transition plan to assist businesses and federal agencies in complying with the Act's requirements.
The bill calculates (1) size standards for small businesses providing services on the basis of the annual average gross receipts of the business over a five-year period (currently, at least a five-year period); and (2) the size of other businesses on the basis of data over a five-year period (currently, at least a three-year period).
The System for Award Management must be updated to comply with the requirements of this bill.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Engrossed in House Formatted Text PDF Formatted XML
- Introduced in House Formatted Text PDF Formatted XML
- Referred in Senate Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2345: Clarifying the Small Business Runway Extension Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-2345/
"H.R. 2345: Clarifying the Small Business Runway Extension Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-2345/.
H.R. 2345, 116th Cong. (2026), https://openamerica.io/bill/116-HR-2345/.
[H.R. 2345: Clarifying the Small Business Runway Extension Act](https://openamerica.io/bill/116-HR-2345/)