SBA Proposes Rule for Small Business Size Standards
ALERT M|E: Today (6/24), the U.S. Small Business Administration (SBA) published a proposed rule to modify its method for calculating average annual receipts used to prescribe its receipts-based size standards. The proposed rule changes the lookback period from a 3-year averaging period to a 5-year averaging period.
As many small business contractors are aware, on December 17, 2018, the president signed the Small Business Runway Extension Act, Public Law 115-324, which amended the Small Business Act by changing the lookback period for receipts-based size standards from three to five years.
Comments are due on or before August 23, 2019.
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Proposed Rule: https://www.federalregister.gov/documents/2019/06/24/2019-12754/small-business-size-standards-calculation-of-annual-average-receipts
