United States Virgin Islands Small Business Contracting Assistance Act of 2018

Bill: 115-hr-5929
Sponsor: full_name: Rep. Clarke, Yvette D. [D-NY-9]
Introduced: 2018-05-23
Policy area: Commerce
Subjects: Land transfers

Public contracts and procurement

Small Business Administration

Small business

Virgin Islands
Latest action: action_date: 2018-05-23
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2018-05-23
action_desc: Introduced in House
text: <p><b>United States Virgin Islands Small Business Contracting Assistance Act of 2018</b></p> <p>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.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5929 IN THE HOUSE OF REPRESENTATIVES May 23, 2018 Ms. Clarke of New York (for herself, Ms. Plaskett , and Ms. Velázquez ) introduced the following bill; which was referred to the Committee on Small Business A BILL 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 ) is amended by adding at the end the following new subsection: (ee) United States Virgin Islands business In this Act, the term United States Virgin Islands business means a small business concern that has its principal office located in the United States Virgin Islands. . 3. Small business credit for United States Virgin Islands businesses Section 15 of the Small Business Act ( 15 U.S.C. 644 ) is amended by adding at the end the following new subsection: (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 note), an analysis of the number and dollar amount of prime contracts awarded pursuant to paragraph (1) for each fiscal year of the period described in such paragraph. . 4. Priority for surplus property transfers Section 7(j)(13)(F) of the Small Business Act ( 15 U.S.C. 636(j)(13)(F) ) is amended by adding at the end the following new clause: (iii) (I) In this clause, the term covered period means the period beginning on the date of enactment of this clause and ending on the date that is 3 years after such date of enactment. (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) ) is amended by adding at the end the following new paragraph: (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) ) is amended by adding at the end the following new paragraphs: (4) Covered mentor The term covered mentor means a mentor that enters into an agreement under this Act, or under any mentor-protege program approved under subsection (b)(1), with a covered protege. (5) Covered protege The term covered protege means a protege of a covered mentor that is a United States Virgin Islands business. . 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) ) is amended by inserting , 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 after each participant .