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US S1756

US S1756
HUBZone Protection Act of 2011


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

HUBZone Protection Act of 2011 - Amends the Small Business Act to revise the definition of "redesignated area" for HUBZone designation purposes to extend the time period during which a census tract or nonmetropolitan county that loses its HUBZone status due to the 2010 census may be so designated.

AI Summary

This bill, the HUBZone Protection Act of 2011, amends the Small Business Act to extend the time period for certain areas to maintain their HUBZone designation. The HUBZone program, which stands for Historically Underutilized Business Zones, aims to encourage economic development in distressed urban and rural areas by providing federal contracting preferences to small businesses located in these zones. Specifically, this bill revises the definition of a "redesignated area" to allow census tracts or nonmetropolitan counties that lose their HUBZone status due to the results of the 2010 census to retain that status for an additional three years after the initial HUBZone map based on the 2010 census is published.

Committee Categories

Business and Industry

Sponsors (6)

Last Action

Read twice and referred to the Committee on Small Business and Entrepreneurship. (on 10/20/2011)

bill text


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