To amend the Small Business Act with respect to small business concern size standards, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Small Business Protection Act of 2012''.
SEC. 2. SMALL BUSINESS CONCERN SIZE STANDARDS.
Section 3 of the Small Business Act (15 U.S.C. 632) is amended-- (1) by inserting after the section enumerator the following: ``definitions.''; and (2) in subsection (a)-- (A) by striking the subsection enumerator and inserting the following: ``(a) Small Business Concerns.--''; (B) in paragraph (1) by striking ``(1) For the purposes'' and inserting the following: ``(1) In general.--For the purposes''; (C) in paragraph (3) by striking ``(3) When establishing'' and inserting the following: ``(3) Variation by industry and consideration of other factors.--When establishing''; (D) by moving paragraph (5), including each subparagraph and clause therein, 2 ems to the right; and (E) by adding at the end the following: ``(6) Common size standards.--In carrying out this subsection, the Administrator may establish or approve a single size standard for a grouping of four digit North American Industrial Classification codes only if the Administrator makes publicly available, not later than the date on which such size standard is established or approved, a justification demonstrating that such size standard is appropriate for each individual industry classification included in the grouping. ``(7) Proposed rule making.--In conducting rulemaking to revise, modify or establish size...