H. R. 4818—649
(A) in subparagraph (C), by striking ‘‘or’’ at the end;
(B) in subparagraph (D), by striking the period at
the end and inserting ‘‘; or’’; and
(C) by adding at the end the following:
‘‘(E) base closure areas.’’.
(2) HUBZONE STATUS TIME LINE AND COMMENCEMENT.—
A base closure area that has undergone final closure shall
be treated as a HUBZone for purposes of the Small Business
Act for a period of 5 years.
(3) DEFINITION.—Section 3(p)(4) of the Small Business Act
(15 U.S.C. 632(p)(4)) is amended by adding at the end the
following:
‘‘(D) BASE CLOSURE AREA.—The term ‘base closure area’
means lands within the external boundaries of a military
installation that were closed through a privatization
process under the authority of—
‘‘(i) the Defense Base Closure and Realignment
Act of 1990 (part A of title XXIX of division B of
Public Law 101–510; 10 U.S.C. 2687 note);
‘‘(ii) title II of the Defense Authorization Amend-
ments and Base Closure and Realignment Act (Public
Law 100–526; 10 U.S.C. 2687 note);
‘‘(iii) section 2687 of title 10, United States Code;
or
‘‘(iv) any other provision of law authorizing or
directing the Secretary of Defense or the Secretary
of a military department to dispose of real property
at the military installation for purposes relating to
base closures of redevelopment, while retaining the
authority to enter into a leaseback of all or a portion
of the property for military use.’’.
(b) 
QUALIFIED
NONMETROPOLITAN
COUNTY.—Section
3(p)(4)(B)(ii)(II) 
of 
the 
Small 
Business 
Act 
(15 
U.S.C.
632(p)(4)(B)(ii)(II)) is amended to read as follows:
‘‘(II) the unemployment rate is not less than
140 percent of the average unemployment rate
for the United States or for the State in which
such county is located, whichever is less, based
on the most recent data available from the Sec-
retary of Labor.’’.
(c) TEMPORARY QUALIFIED AREAS EXTENSION AND QUALIFIED
AREAS STUDY.—
(1) REDESIGNATED AREA.—Section 3(p)(4)(C) of the Small
Business Act (15 U.S.C. 632(p)(4)(C)) is amended by striking
‘‘only for the 3-year period following’’ and inserting the fol-
lowing: ‘‘only until the later of—
‘‘(i) the date on which the Census Bureau publicly
releases the first results from the 2010 decennial
census; or
‘‘(ii) 3 years after’’.
(2) STUDY AND REPORT.—
(A) STUDY.—The Independent Office of Advocacy of
the Small Business Administration shall conduct a study
of the HUBZone program to measure the effectiveness of
the definitions under section 3(p)(4) of the Small Business
Act (15 U.S.C. 632(p)(4)) relating to HUBZone qualified
H. R. 4818—650
areas for the purposes of economic impact on small business
development and jobs creation.
(B) REPORT.—Not later than May 1, 2008, the Inde-
pendent Office of Advocacy shall submit a report to the
Committee on Small Business and Entrepreneurship of
the Senate and the Committee on Small Business of the
House of Representatives that contains—
(i) the results of the study conducted under para-
graph (1); and
(ii) any proposed changes to the existing definitions
under section 3(p)(4) of the Small Business Act (15
U.S.C. 632(p)(4)) relating to HUBZone qualified areas.
SEC. 153. PRICE EVALUATION PREFERENCE.
Section 31(b)(3) of the Small Business Act (15 U.S.C. 657a(b)(3))
is amended—
(1) by redesignating subparagraph (C) as subparagraph
(D); and
(2) by adding at the end the following:
‘‘(C) PROCUREMENT
OF
COMMODITIES
FOR
INTER-
NATIONAL FOOD AID EXPORT OPERATIONS.—The price evalua-
tion preference for purchases of agricultural commodities
by the Secretary of Agriculture for export operations
through international food aid programs administered by
the Farm Service Agency shall be 5 percent on the first
portion of a contract to be awarded that is not greater
than 20 percent of the total volume of each commodity
being procured in a single invitation.’’.
SEC. 154. HUBZONE AUTHORIZATIONS.
Section 31(d) of the Small Business Act (15 U.S.C. 657a(d))
is amended by striking ‘‘2001 through 2003’’ and inserting ‘‘2004
through 2006’’.
SEC. 155. PARTICIPATION IN FEDERALLY FUNDED PROJECTS.
Any small business concern that is certified, or otherwise meets
the criteria for participation in any program under section 8(a)
of the Small Business Act (15 U.S.C. 637(a)), shall not be required
by any State, or political subdivision thereof, to meet additional
criteria or certification, unrelated to the capability to provide the
requested products or services, in order to participate as a small
disadvantaged business in any program or project that is funded,
in whole or in part, by the Federal Government.
Subtitle F—Small Business Lending
Companies
SEC. 161. SUPERVISORY AND ENFORCEMENT AUTHORITY FOR SMALL
BUSINESS LENDING COMPANIES.
Section 23 of the Small Business Act (15 U.S.C. 650) is amended
to read as follows:
‘‘SEC. 23. SUPERVISORY AND ENFORCEMENT AUTHORITY FOR SMALL
BUSINESS LENDING COMPANIES.
‘‘(a) IN GENERAL.—The Administrator is authorized—
‘‘(1) to supervise the safety and soundness of small business
lending companies and non-Federally regulated lenders;