United States Virgin Islands Small Business Contracting Assistance Act of 2018

To amend the Small Business Act to provide for small business concerns located in the United States Virgin Islands, and for other purposes. 1. Short title This Act may be cited as the United States Virgin Islands Small Business Contracting Assistance Act of 2018 2. Definition of United States Virgin Islands business Section 3 of the Small Business Act ( 15 U.S.C. 632 (ee) United States Virgin Islands business In this Act, the term United States Virgin Islands business . 3. Small business credit for United States Virgin Islands businesses Section 15 of the Small Business Act ( 15 U.S.C. 644 (w) Small business credit for United States Virgin Islands businesses (1) Credit for meeting contracting goals If an agency awards a prime contract to United States Virgin Islands 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 (II) The Administrator may transfer technology or surplus property under clause (i) to a United States Virgin Islands business during the covered period if the such business meets the requirements for such a transfer, without regard to whether such business is a Program Participant. . 5. Contracting incentives for protege firms that are United States Virgin Islands businesses (a) In general Section 45(a) of the Small Business Act ( 15 U.S.C. 657r(a) (3) United States Virgin Islands businesses During the period beginning on the date of enactment of this paragraph and ending on the date that is 3 years after such date of enactment, the Administrator shall identify potential incentives to a covered mentor that awards a subcontract to its covered protege, including— (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 United States Virgin Islands businesses Section 45(b)(3)(A) of the Small Business Act ( 15 U.S.C. 657r(b)(3)(A) , except that, during the 3-year period beginning on the date of the enactment of the United States Virgin Islands Small Business Contracting Assistance Act of 2018, 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

Summary: United States Virgin Islands Small Business Contracting Assistance Act of 2018 This bill provides for various programs to promote small business concerns located in the U.S. Virgin Islands, such as by (1) doubling the credit that a federal agency receives for awarding a prime contract to such businesses for the purposes of determining the agency's compliance with small business procurement goals, (2) allowing the Small Business Administration (SBA) to waive certain requirements when transferring surplus U.S. government property or technology to such businesses, and (3) directing the SBA to identify potential incentives to contractors that subcontract to such businesses under the SBA Mentor-Protege Program.