summary
Introduced
03/21/2017
03/21/2017
In Committee
08/02/2017
08/02/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
HUBZone Investment Protection Act (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 "redesignated" to qualify for it. 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.
AI Summary
This bill, the HUBZone Investment Protection Act, amends the Small Business Act to extend the length of time that Historically Underutilized Business Zones (HUBZones) located in qualified census tracts, qualified nonmetropolitan counties, or redesignated areas can retain their HUBZone status. The bill increases the redesignation period from 3 years to 7 years after the area ceases to meet the ordinary criteria for the HUBZone program, allowing businesses in these areas to continue receiving HUBZone benefits for a longer period.
Committee Categories
Business and Industry
Sponsors (9)
Ben Cardin (D)*,
Sherrod Brown (D),
Tammy Duckworth (D),
Mazie Hirono (D),
Angus King (I),
Gary Peters (D),
Jim Risch (R),
Jeanne Shaheen (D),
Chris Van Hollen (D),
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 196. (on 08/02/2017)
Official Document
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