HUBZone Investment Protection Act

Bill: 115-s-690
Sponsor: full_name: Sen. Cardin, Benjamin L. [D-MD]
Introduced: 2017-03-21
Policy area: Commerce
Subjects: Census and government statistics

Economic development

Public contracts and procurement

Small business
Latest action: action_date: 2017-08-02
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 196.

Summaries:
action_date: 2017-03-21
action_desc: Introduced in Senate
text: <p><b>HUBZone Investment Protection Act</b></p> <p>This bill amends the Small Business Act with respect to Historically Underutilized Business Zones (HUBZones) located in qualified census tracts, qualified nonmetropolitan counties, or redesignated areas, which are census tracts or nonmetropolitan counties that cease to meet the ordinary criteria for the HUBZone program but are &quot;redesignated&quot; to qualify for it.</p> <p>The bill increases the length of time a census tract or nonmetropolitan county may be redesignated to qualify for HUBZone status from three years to seven years after the date on which the area ceased to meet the ordinary criteria.</p>

action_date: 2017-08-02
action_desc: Reported to Senate without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>HUBZone Investment Protection Act</b></p> <p>(Sec. 2) This bill amends the Small Business Act with respect to Historically Underutilized Business Zones (HUBZones) located in qualified census tracts, qualified nonmetropolitan counties, or redesignated areas, which are census tracts or nonmetropolitan counties that cease to meet the ordinary criteria for the HUBZone program but are &quot;redesignated&quot; to qualify for it.</p> <p>The bill increases the length of time a census tract or nonmetropolitan county may be redesignated to qualify for HUBZone status from three years to seven years after the date on which the area ceased to meet the ordinary criteria.</p>

tv_txt: II 115th CONGRESS 1st Session S. 690 IN THE SENATE OF THE UNITED STATES March 21, 2017 Mr. Cardin (for himself, Mr. Risch , Mrs. Shaheen , Ms. Hirono , and Mr. Van Hollen ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To extend the eligibility of redesignated areas as HUBZones from 3 years to 7 years.

1. Short title This Act may be cited as the HUBZone Investment Protection Act . 2. Modification to the HUBZone program Section 3(p)(4)(C) of the Small Business Act ( 15 U.S.C. 632(p)(4)(C) ) is amended by striking until the later of and all that follows and inserting for the 7-year period following the date on which the census tract or nonmetropolitan county ceased to be so qualified. .

tv_txt: II Calendar No. 196 115th CONGRESS 1st Session S. 690 IN THE SENATE OF THE UNITED STATES March 21, 2017 Mr. Cardin (for himself, Mr. Risch , Mrs. Shaheen , Ms. Hirono , Mr. Van Hollen , Mr. King , Mr. Brown , Mr. Peters , and Ms. Duckworth ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship August 2, 2017 Reported by Mr. Risch , without amendment A BILL To extend the eligibility of redesignated areas as HUBZones from 3 years to 7 years.

1. Short title This Act may be cited as the HUBZone Investment Protection Act . 2. Modification to the HUBZone program Section 3(p)(4)(C) of the Small Business Act ( 15 U.S.C. 632(p)(4)(C) ) is amended by striking until the later of and all that follows and inserting for the 7-year period following the date on which the census tract or nonmetropolitan county ceased to be so qualified. .

August 2, 2017 Reported without amendment