Small Business Contracting Credit Act

Bill: 118-hr-5063
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2023-07-27
Policy area: Commerce
Latest action: action_date: 2023-07-27
text: Referred to the House Committee on Small Business.

Summaries:

tv_txt: I 118th CONGRESS 1st Session H. R. 5063 IN THE HOUSE OF REPRESENTATIVES July 27, 2023 Ms. Velázquez (for herself, Mrs. González-Colón , Ms. Plaskett , Mr. Moylan , and Mr. Sablan ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to extend the period during which credit for contracting with Puerto Rico businesses and covered territory businesses are double counted, and for other purposes.

1. Short title This Act may be cited as the Small Business Contracting Credit Act . 2. Extension of double credit for Puerto Rico businesses and covered territory businesses Section 15(x)(1) of the Small Business Act ( 15 U.S.C. 644(x)(1) ) is amended by striking 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 and inserting the following: during the period beginning on the date that is 90 days after the date of the enactment of the Small Business Contracting Credit Act and ending on the date that is 3 years after the date of the enactment of such Act .