SBA SIZE PROTEST LAW: Government Contract Law Firm - Size Protests and Appeals

Trump Signs Law that Allows Companies to Remain Small for a Longer Period

Posted on December 19th, 2018 by

On December 18, 2018, President Trump signed the Small Business Runway Extension Act that changes the time period in which a small businesses is determined to be small.  Specifically, the look-back period for determining small businesses’ size status has been changed from three years to five years.  This means that a company’s small business status will be based on its last 5-year average of revenue or employee count. This will, in many cases, permit companies to remain small for a longer period of time.

This new law will not go into effect until the SBA revises their regulation on the look back period from 3 years to 5 years.  We will keep you posted.

The Small Business Runway Extension Act of 2018 (HR6330)

 

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