Puerto Rico Small Business Contracting Assistance Act of 2018

To amend the Small Business Act to provide for small business concerns located in Puerto Rico, and for other purposes. 1. Short title This Act may be cited as the Puerto Rico Small Business Contracting Assistance Act of 2018 2. Definition of Puerto Rico business Section 3 of the Small Business Act ( 15 U.S.C. 632 (ee) Puerto Rico business In this Act, the term Puerto Rico business . 3. Small business credit for Puerto Rico businesses Section 15 of the Small Business Act ( 15 U.S.C. 644 (w) Small business credit for Puerto Rico businesses (1) Credit for meeting contracting goals If an agency awards a prime contract to Puerto Rico business during the period beginning on the date of enactment of this subsection and ending on the date that is 4 years after such date of enactment, the value of the contract shall be doubled for purposes of determining compliance with the goals for procurement contracts under subsection (g)(1)(A)(i) during such period. (2) Report Along with the report required under subsection (h)(1), the head of each Federal agency shall submit to the Administrator, and make publicly available on the scorecard described in section 868(b) of the National Defense Authorization Act for Fiscal Year 2016 ( 15 U.S.C. 644 . 4. Priority for surplus property transfers Section 7(j)(13)(F) of the Small Business Act ( 15 U.S.C. 636(j)(13)(F) (iii) (I) In this clause, the term covered period 48 U.S.C. 2121 (II) The Administrator may transfer technology or surplus property under clause (i) to a Puerto Rico business if the Puerto Rico business meets the requirements for such a transfer, without regard to whether the Puerto Rico business is a Program Participant. . 5. Contracting incentives for protege firms that are Puerto Rico businesses (a) In general Section 45(a) of the Small Business Act ( 15 U.S.C. 657r(a) (3) Puerto Rico businesses During the period beginning on the date of enactment of this paragraph and ending on the date on which the Oversight Board established under section 101 of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2121 (A) positive consideration in any past performance evaluation of the covered mentor; (B) the application of costs incurred for providing training to such covered protege to the subcontracting plan (as required under paragraph (4) or (5) of section 8(d)) of the covered mentor; and (C) such other incentives as the Administrator determines appropriate. . (b) Definitions Section 45(d) of the Small Business Act ( 15 U.S.C. 657r(d) (4) Covered mentor The term covered mentor (5) Covered protege The term covered protege . 6. Additional mentor-protege relationships for protege firms that are Puerto Rico businesses Section 45(b)(3)(A) of the Small Business Act ( 15 U.S.C. 657r(b)(3)(A) , except that such restrictions shall not apply to up to 2 mentor-protege relationships if such relationships are between a covered protege and covered mentor each participant April 10, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

Summary: Puerto Rico Small Business Contracting Assistance Act of 2018 This bill amends the Small Business Act to double for four years after its enactment the value of a prime contract awarded by a federal agency to a small business with its principle office in Puerto Rico in order to comply with the Act's governmentwide goal for small businesses' participation to be at least 23% of the total value of all prime contract awards for each fiscal year during such period. Beginning on enactment of this bill and until the termination of the Financial Oversight and Management Board, the Small Business Administration (SBA): may transfer technology or surplus property to a Puerto Rico business if it meets SBA requirements for such transfer, without regard to whether the business is a small business and capital ownership development program participant; and shall identify potential incentives to a covered mentor that awards a subcontract to its covered protege (i.e., positive consideration in any past performance evaluation of such mentor, the application of costs incurred for providing training to the protege to the mentor's subcontracting plan, and such other SBA incentives). The bill requires the SBA to allow up to two additional mentor-protege relationships for protege firms that are Puerto Rico businesses. (Currently, the limit on SBA mentor-protege relationships is three.)