115th CONGRESS 1st Session |
To extend the eligibility of redesignated areas as HUBZones from 3 years to 7 years.
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
To extend the eligibility of redesignated areas as HUBZones from 3 years to 7 years.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “HUBZone Investment Protection Act”.
SEC. 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.”.