Establishment and approval of small business concern size standards by Chief Counsel for Advocacy

(a) In general Section 3(a)(2)(A) of the Small Business Act (15 U.S.C. 632(a)(2)(A)) is amended to read as follows: (A) In general In addition to the criteria specified in paragraph (1)— (i) the Administrator may specify detailed definitions or standards by which a business concern may be determined to be a small business concern for purposes of this Act or the Small Business Investment Act of 1958 (15 U.S.C. 661 et seq.); and (ii) the Chief Counsel for Advocacy may specify such definitions or standards for purposes of any other Act.. (b) Approval by chief counsel Section 3(a)(2)(C)(iii) of the Small Business Act (15 U.S.C. 632(a)(2)(C)(iii)) is amended to read as follows: (iii) except in the case of a size standard prescribed by the Administrator, is approved by the Chief Counsel for Advocacy.. (c) Industry variation Section 3(a)(3) of the Small Business Act (15 U.S.C. 632(a)(3)) is amended— (1) by inserting or the Chief Counsel for Advocacy, as appropriate, before shall ensure; and (2) by inserting or the Chief Counsel for Advocacy before the period at the end. (d) Judicial review of size standards approved by chief counsel Section 3(a) of the Small Business Act (15 U.S.C. 632(a)) is amended by adding at the end the following: (10) Judicial review of standards approved by chief counsel In the case of an action for judicial review of a rule which includes a definition or standard approved by the Chief Counsel for Advocacy under this subsection, the party seeking such review shall be entitled to join the Chief Counsel for Advocacy as a party in such action..