```

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1266 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                S. 1266

    To expand the HUBZone program for communities affected by base 
            realignment and closure, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                              May 11, 2015

 Ms. Collins (for herself and Mr. King) introduced the following bill; 
 which was read twice and referred to the Committee on Small Business 
                          and Entrepreneurship

_______________________________________________________________________

                                 A BILL

 
    To expand the HUBZone program for communities affected by base 
            realignment and closure, 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 ``HUBZone Expansion Act of 2015''.

SEC. 2. EXPANDING HUBZONE PROGRAM FOR COMMUNITIES AFFECTED BY BASE 
              REALIGNMENT AND CLOSURE.

    (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.
                                 <all>
```