I 

116TH CONGRESS 

2D SESSION H. R. 8120 

To require the Small Business Administration to train representatives on 

the opportunity zone program, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

AUGUST 28, 2020 

Mr. BISHOP of North Carolina (for himself and Mr. TIMMONS) introduced the 

following bill; which was referred to the Committee on Small Business 

A BILL 

To require the Small Business Administration to train representatives on the opportunity zone program, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Increasing Opportuni5 ties for Small Businesses Act of 2020’’. 

6 SEC. 2. OPPORTUNITY ZONE PROGRAM REPRESENTATIVES. 

7 Section 4 of the Small Business Act (15 U.S.C. 633) 

8 is amended by adding at the end the following: 

9 ‘‘(i) OPPORTUNITY ZONE PROGRAM REPRESENTA10 TIVES.— 


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1 ‘‘(1) IN GENERAL.—The Administrator, 

2 through each district office of the Administration, 

3 small business development center, women’s business 

4 center (described under section 29), chapter of the 

5 Service Corps of Retired Executives (established 

6 under section 8(b)(1)(B)), and Veteran Business 

7 Outreach Center (described under section 32), shall 

8 train and educate field representatives on invest9 ments in areas that have been designated as quali10 fied opportunity zones under section 1400Z–1 of the 

11 Internal Revenue Code of 1986. 

12 ‘‘(2) DUTIES.—A field representative trained 

13 under paragraph (1) shall— 

14 ‘‘(A) serve as a point of contact for ques15 tions and resources on the investments de16 scribed in paragraph (1) for the area served by 

17 the district office, small business development 

18 center, women’s business center, chapter of the 

19 Service Corps of Retired Executives, and Vet20 eran Business Outreach Center, as applicable; 

21 ‘‘(B) educate elected leaders within such 

22 area on those investments; and 

23 ‘‘(C) hold an annual seminar in each State 

24 to educate managers of qualified opportunity 

25 funds (as defined in section 1400Z–2(d) of the 


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1 Internal Revenue Code of 1986), qualified op2 portunity zone businesses (as defined in such 

3 section), State and local government officials, 

4 accountants, lawyers, and other interested per5 sons on how to benefit from such investments. 

6 ‘‘(3) REPORT.— 

7 ‘‘(A) IN GENERAL.—Not later than 1 year 

8 after the date of enactment of this subsection, 

9 and every year thereafter through 2026, the di10 rector of each regional office of the Administra11 tion shall submit to the Administrator a report 

12 on the success of the efforts of the field rep13 resentatives trained under paragraph (1), in14 cluding any problems faced by, and best prac15 tices of, the field representatives. 

16 ‘‘(B) SUBMISSION BY ADMINISTRATOR.— 

17 The Administrator shall submit each report re18 ceived under subparagraph (A) to the Com19 mittee on Small Business and Entrepreneurship 

20 of the Senate and the Committee on Small 

21 Business of the House of Representatives.’’. 

Æ 


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