On March 26, 2019, Megan Connor, a partner in PilieroMazza's Government Contracts Group, testified before the U.S. House of Representatives Committee on Small Business Subcommittee Contracting and Infrastructure at a hearing titled "Cleared for Take-off? Implementation of the Small Business Runway Extension Act" on March 26, 2019

Ms. Connor stated: "We represent government contractors of all sizes and in a variety of industries. Many of our clients, though, are small businesses directly impacted by the Small Business Runway Extension Act of 2018 (“Runway Extension Act”). 

Our firm supports the Runway Extension Act and, specifically, changing how small businesses calculate their receipts from a three-year basis to a five-year basis. However, we believe that, in implementing this change, there are three issues that need to be addressed in order to avoid negative impacts on small businesses. First, small businesses deserve clarity as to the effective date of the change from three years to five years. Second, we strongly recommend a transition period during which firms that are small under a three-year calculation, but not small under a five-year calculation, are able to adjust to the marketplace. Third, the System for Award Management database must be updated to account for this change."

Click here to read Ms. Connor's written testimony.  The hearing may be viewed here.

Please fill following information to download presentation

For Important Legal Updates and Resources on the Coronavirus Click Here.