SMALL BUSINESS RUNWAY EXTENSION ACT
On December 17, 2018, President Trump signed Public Law No. 115-324, the Small Business Runway Extension Act of 2018 (Runway Extension Act). The Runway Extension Act amends section 3(a)(2)(C)(ii)(II) of the Small Business Act. This Act modifies the method for prescribing size standards for small businesses. Under prior law, firms in industries with receipts-based size standards, calculated