HUBZone Revitalization Act of 2015

Summary: .  HUBZone Revitalization Act of 2015 (Sec. 2) This bill amends the Small Business Act to redefine HUBZones (historically underutilized business Zones) eligible for certain assistance to include a qualified disaster area (a specified census tract or nonmetropolitan county located in a major declared disaster area or in an area where a catastrophic incident has occurred). A qualified disaster area shall be treated as a HUBZone for 5 years after it has been declared a major disaster area or for 10 years after a catastrophic incident has occurred within it. The Federal Emergency Management Agency shall provide the Small Business Administration with any data it needs to verify a small business's eligibility for the HUBZone small business loan program. (Sec. 3) HUBZones shall now also include areas that can be used by small businesses whose principal offices are located in base closure HUBZones, with at least 35% of their employees residing in:  a HUBZone, a census tract in which the base closure HUBZone is wholly contained,  a census tract that intersects the boundaries of the base closure HUBZone, or  census tract contiguous with these census tracts.  This bill also amends the Consolidated Appropriations Act, 2005 to extend HUBZone eligibility assistance for base closure areas from five years to eight years after their closure.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``HUBZone Revitalization Act of 
2015''.

SEC. 2. HUBZONE QUALIFIED DISASTER AREAS.

    (a) In General.--The Small Business Act (15 U.S.C. 631 et seq.) is 
amended--
            (1) in section 3(p) (15 U.S.C. 632(p))--
                    (A) in paragraph (1)--
                            (i) in subparagraph (D), by striking 
                        ``or'';
                            (ii) in subparagraph (E), by striking the 
                        period at the end and inserting ``; or''; and
                            (iii) by adding at the end the following:
                    ``(F) qualified disaster areas.''; and
                    (B) in paragraph (4), by adding at the end the 
                following:
                    ``(E) Qualified disaster area.--
                            ``(i) In general.--The term `qualified 
                        disaster area' means any census tract or 
                        nonmetropolitan county located in an area for 
                        which the President has declared a major 
                        disaster under section 401 of the Robert T. 
                        Stafford Disaster Relief and Emergency 
                        Assistance Act (42 U.S.C. 5170) or located in 
                        an area in which a catastrophic incident has 
                        occurred, if--
                                    ``(I) in the case of a census 
                                tract, the census tract ceased to be a 
                                qualified census tract during the 
                                period beginning 5 years before and 
                                ending 2 years after the date on 
                                which--
                                            ``(aa) the President 
                                        declared the major disaster; or
                                            ``(bb) the catastrophic 
                                        incident occurred; or
                                    ``(II) in the case of a 
                                nonmetropolitan county, the 
                                nonmetropolitan county ceased to be a 
                                qualified nonmetropolitan county during 
                                the period beginning 5 years before and 
                                ending 2 years after the date on 
                                which--
                                            ``(aa) the President 
                                        declared the major disaster; or
                                            ``(bb) the catastrophic 
                                        incident occurred.
                            ``(ii) Treatment.--A qualified disaster 
                        area shall only be treated as a HUBZone--
                                    ``(I) in the case of a major 
                                disaster declared by the President, 
                                during the 5-year period beginning on 
                                the date on which the President 
                                declared the major disaster for the 
                                area in which the census tract or 
                                nonmetropolitan county, as applicable, 
                                is located; and
                                    ``(II) in the case of a 
                                catastrophic incident, during the 10-
                                year period beginning on the date on 
                                which the catastrophic incident 
                                occurred in the area in which the 
                                census tract or nonmetropolitan county, 
                                as applicable, is located.''; and
            (2) in section 31(c)(3) (15 U.S.C. 657a(c)(3)), by 
        inserting ``the Administrator of the Federal Emergency 
        Management Agency,'' after ``the Secretary of Labor,''.
    (b) Applicability.--The amendments made by subsection (a) shall 
apply to a major disaster declared by the President under section 401 
of the Robert T. Stafford Disaster Relief and Emergency Assistance Act 
(42 U.S.C. 5170) or a catastrophic incident that occurs on or after the 
date of enactment of this Act.

SEC. 3. BASE CLOSURE HUBZONES.

    (a) In General.--Section 3(p)(5)(A)(i)(I) of the Small Business Act 
(15 U.S.C. 632(p)(5)(A)(i)(I)) is amended--
            (1) in item (aa), by striking ``or'' at the end;
            (2) by redesignating item (bb) as item (cc); and
            (3) by inserting after item (aa) the following:
                                            ``(bb) pursuant to 
                                        subparagraph (A), (B), (C), 
                                        (D), or (E) of paragraph (3), 
                                        that its principal office is 
                                        located in a HUBZone described 
                                        in paragraph (1)(E) (relating 
                                        to base closure areas) (in this 
                                        item referred to as the `base 
                                        closure HUBZone'), and that not 
                                        fewer than 35 percent of its 
                                        employees reside in--

                                                    ``(AA) a HUBZone;

                                                    ``(BB) the census 
                                                tract in which the base 
                                                closure HUBZone is 
                                                wholly contained;

                                                    ``(CC) a census 
                                                tract the boundaries of 
                                                which intersect the 
                                                boundaries of the base 
                                                closure HUBZone; or

                                                    ``(DD) a census 
                                                tract the boundaries of 
                                                which are contiguous to 
                                                a census tract 
                                                described in subitem 
                                                (BB) or (CC); or''.

    (b) Period for Base Closure Areas.--
            (1) Amendments.--
                    (A) In general.--Section 152(a)(2) of title I of 
                division K of the Consolidated Appropriations Act, 2005 
                (15 U.S.C. 632 note) is amended by striking ``5 years'' 
                and inserting ``8 years''.
                    (B) Conforming amendment.--Section 1698(b)(2) of 
                National Defense Authorization Act for Fiscal Year 2013 
                (15 U.S.C. 632 note) is amended by striking ``5 years'' 
                and inserting ``8 years''.
            (2) Effective date; applicability.--The amendments made by 
        paragraph (1) shall--
                    (A) take effect on the date of enactment of this 
                Act; and
                    (B) apply to--
                            (i) a base closure area (as defined in 
                        section 3(p)(4)(D) of the Small Business Act 
                        (15 U.S.C. 632(p)(4)(D))) that, on the day 
                        before the date of enactment of this Act, is 
                        treated as a HUBZone described in section 
                        3(p)(1)(E) of the Small Business Act (15 U.S.C. 
                        632(p)(1)(E)) under--
                                    (I) section 152(a)(2) of title I of 
                                division K of the Consolidated 
                                Appropriations Act, 2005 (15 U.S.C. 632 
                                note); or
                                    (II) section 1698(b)(2) of National 
                                Defense Authorization Act for Fiscal 
                                Year 2013 (15 U.S.C. 632 note); and
                            (ii) a base closure area relating to the 
                        closure of a military instillation under the 
                        authority described in clauses (i) through (iv) 
                        of section 3(p)(4)(D) of the Small Business Act 
                        (15 U.S.C. 632(p)(4)(D)) that occurs on or 
                        after the date of enactment of this Act.