releases: https://stauber.house.gov/media/press-releases/stauber-legislation-help-small-businesses-succeed-passes-house
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://stauber.house.gov/media/press-releases/stauber-legislation-help-small-businesses-succeed-passes-house | Stauber Legislation to Help Small Businesses Succeed Passes House | 2019-07-15 | 2019 | 2019-07 | Republican | House | MN | Pete Stauber | S001212 | stauber.house.gov | stauber | https://stauber.house.gov/media/press-releases | scraper | WASHINGTON, D.C. – Today, the House of Representatives passed Congressman Pete Stauber's (MN-08) Clarifying the Small Business Runway Extension Act (H.R. 2345), which will ensure the immediate implementation of the Small Business Runway Extension Act. Signed into law in December of 2018, the Small Business Runway Extension Act aims to provide growing small firms additional time to classify as a small business, so they can more easily vie for Small Business Administration (SBA) benefits, such as loans and federal contracts. The SBA utilized a 3-year average of gross receipts to determine whether a company should be classified as "small" and considered for SBA benefits. The Small Business Runway Extension Act extends the 3-year average to 5 years. However, within four days of the legislation's passage, the SBA stalled this law's implementation, issuing a notice that maintained the 3-year calculation until the agency could go through the rulemaking process. Of his legislation's passage, Congressman Stauber stated, "The Small Business Runway Extension Act was designed to ensure small firms have more time to successfully grow and mature before they are required to compete against larger and more established companies. I am pleased that my legislation, which will ensure this commonsense law is upheld, is now on its way to the Senate." In addition to ensuring that the Small Business Runway Extension Act is immediately implemented, H.R. 2345 requires the SBA to develop a transition plan for small businesses and federal agencies as they shift to the 5-year plan. Watch Stauber speak on his legislation on the House floor, HERE. ### | 1 | 2026-03-30T01:40:41Z | 2026-06-27T23:32:25Z |