The U.S. Small Business Administration (SBA) proposes to amend its small business size regulations governing how it calculates the annual average receipts of firms seeking to qualify as small businesses. Specifically, SBA proposes to change the method for calculating annual average receipts from a 3-year averaging period to a 5-year averaging period. The proposed change is based on the recent passage of the Small Business Runway Extension Act of 2018, Public Law No. 115-324, which was intended to allow small business government contractors more time to prepare for the transition to the full and open market after they exceed the relevant small business size standard.
If you would like to submit comments on SBA’s proposed rule, identify them by RIN 3245-AH16. We recommend that you comment through the Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions there for submitting comments. The period for comments ends on August 23, 2019.
You may also review the proposed rule together with comments from interested parties by going to https://www.regulations.gov.