II 

111TH CONGRESS 

2D SESSION S. 3563 

To amend the Small Business Act to temporarily designate as a HUBZone 

counties that are most affected by a recession. 

IN THE SENATE OF THE UNITED STATES 

JUNE 30, 2010 

Mr. MERKLEY (for himself, Mr. BOND, and Mr. BAYH) introduced the following bill; which was read twice and referred to the Committee on Small 

Business and Entrepreneurship 

A BILL 

To amend the Small Business Act to temporarily designate 

as a HUBZone counties that are most affected by a 

recession. 

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 ‘‘Rebuilding Local Busi5 ness Act of 2010’’. 

6 SEC. 2. REBUILDING COUNTIES. 

7 (a) IN GENERAL.—Section 3(p) of the Small Busi8 ness Act (15 U.S.C. 632(p)) is amended— 

9 (1) in paragraph (1)— 


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1 (A) in subparagraph (D), by striking ‘‘or’’ 

2 at the end; 

3 (B) in subparagraph (E), by striking the 

4 period at the end and inserting ‘‘; or’’; and 

5 (C) by adding at the end the following: 

6 ‘‘(F) rebuilding counties.’’; and 

7 (2) in paragraph (4), by adding at the end the 

8 following: 

9 ‘‘(E) REBUILDING COUNTIES.— 

10 ‘‘(i) IN GENERAL.—The term ‘rebuild11 ing county’ means an initial period rebuild12 ing county or an extension period rebuild13 ing county. 

14 ‘‘(ii) INITIAL PERIOD REBUILDING

15 COUNTY.—The term ‘initial period rebuild16 ing county’ means a county, parish, or 

17 similar political subdivision— 

18 ‘‘(I) for which the Administrator 

19 determines that the 1-year unemploy20 ment rate average is not less than 120 

21 percent of the 1-year average 

22 unadjusted unemployment rate for the 

23 United States, based on the most re24 cent data available from the Secretary 

25 of Labor; 


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1 ‘‘(II) that— 

2 ‘‘(aa) as of the date of the 

3 determination under subclause 

4 (I), is not a HUBZone; or 

5 ‘‘(bb) will cease to qualify as 

6 a HUBZone not later than 2 

7 years after the date of the deter8 mination under subclause (I); 

9 and 

10 ‘‘(III) during the 3-year period 

11 beginning on the date on which the 

12 Administrator makes the determina13 tion under subclause (I). 

14 ‘‘(iii) EXTENSION PERIOD REBUILD15 ING COUNTY.—The term ‘extension period 

16 rebuilding county’ means a county, parish, 

17 or similar political subdivision— 

18 ‘‘(I) for which the Administrator 

19 has made a determination under 

20 clause (ii)(I); 

21 ‘‘(II) for which the 3-year period 

22 described in clause (ii)(III) has ended; 

23 ‘‘(III) for which the Adminis24 trator determines that the average un25 employment rate for the 1-year period 


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1 ending on the date on which the 3- 

2 year period described in clause 

3 (ii)(III) ends is not less than 140 per4 cent of the 1-year average unadjusted 

5 unemployment rate for the United 

6 States, based on the most recent data 

7 available from the Secretary of Labor; 

8 and 

9 ‘‘(IV) during the period begin10 ning on the date on which the Admin11 istrator makes the determination 

12 under subclause (III) and ending on 

13 the earlier of— 

14 ‘‘(aa) the date that is 3 

15 years after the date of the deter16 mination under subclause (III); 

17 and 

18 ‘‘(bb) the date on which the 

19 Bureau of the Census publicly re20 leases the initial results of the 

21 first decennial census occurring 

22 after the date of the determina23 tion under subclause (III). 

24 ‘‘(iv) 1-YEAR UNEMPLOYMENT RATE

25 AVERAGE.—The term ‘1-year unemployVerDate Mar 15 2010 21:56 Jul 01, 2010 Jkt 089200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S3563.IS S3563

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1 ment rate average’ means the average un2 employment rate, based on the most recent 

3 data available from the Secretary of Labor, 

4 during any 1-year period during the pe5 riod— 

6 ‘‘(I) beginning on the date on 

7 which a recession begins, as deter8 mined by the National Bureau of Eco9 nomic Research; and 

10 ‘‘(II) ending on the date that is 

11 180 days after the date on which the 

12 National Bureau of Economic Re13 search publicly releases the determina14 tion under subclause (I).’’. 

15 (b) RECESSION OF 2007.—For purposes of applying 

16 section 3(p)(4) of the Small Business Act, as added by 

17 subsection (a), in relation to the recession announced by 

18 the National Bureau of Economic Research on December 

19 1, 2008, the term ‘‘1-year unemployment rate average’’ 

20 means the average unemployment rate during the 1-year 

21 period ending on the date of enactment of this Act, based 

22 on the most recent data available from the Secretary of 

23 Labor. 

Æ 


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