Print PDF

Ex-Im Bank Considers Alternative Standard for Defining Small Businesses

Tuesday, November 22, 2016
Sandler, Travis & Rosenberg Trade Report

The Export-Import Bank of the United States is seeking comments from interested parties by Dec. 6 on a proposal to adopt the interim rule set forth in section 1116 of the Small Business Jobs Act of 2010 as an alternative standard for defining a small business for all of its programs. The Jobs Act mandated that the Small Business Administration use maximum tangible net worth and average net income as an alternative to the use of industry based size standards to define a small  business, as follows: not more than $15 million in tangible net worth and $5 million in average net income after federal income taxes.

If approved by the SBA’s administrator, the Ex-Im Bank will apply the interim rule as an alternative size standard in addition to using size standards established by SBA for individual industries to determine whether or not participants of Ex-Im programs can be categorized as small business concerns.    

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines