[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1292 Reported in Senate (RS)]
Calendar No. 112
114th CONGRESS
1st Session
S. 1292
To amend the Small Business Act to treat certain qualified disaster
areas as HUBZones and to extend the period for HUBZone treatment for
certain base closure areas, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
May 12, 2015
Mr. Vitter (for himself and Mr. King) introduced the following bill;
which was read twice and referred to the Committee on Small Business
and Entrepreneurship
June 10, 2015
Reported by Mr. Vitter, without amendment
_______________________________________________________________________
A BILL
To amend the Small Business Act to treat certain qualified disaster
areas as HUBZones and to extend the period for HUBZone treatment for
certain base closure areas, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``HUBZone Revitalization Act of
2015''.
SEC. 2. HUBZONE QUALIFIED DISASTER AREAS.
(a) In General.--The Small Business Act (15 U.S.C. 631 et seq.) is
amended--
(1) in section 3(p) (15 U.S.C. 632(p))--
(A) in paragraph (1)--
(i) in subparagraph (D), by striking
``or'';
(ii) in subparagraph (E), by striking the
period at the end and inserting ``; or''; and
(iii) by adding at the end the following:
``(F) qualified disaster areas.''; and
(B) in paragraph (4), by adding at the end the
following:
``(E) Qualified disaster area.--
``(i) In general.--The term `qualified
disaster area' means any census tract or
nonmetropolitan county located in an area for
which the President has declared a major
disaster under section 401 of the Robert T.
Stafford Disaster Relief and Emergency
Assistance Act (42 U.S.C. 5170) or located in
an area in which a catastrophic incident has
occurred, if--
``(I) in the case of a census
tract, the census tract ceased to be a
qualified census tract during the
period beginning 5 years before and
ending 2 years after the date on
which--
``(aa) the President
declared the major disaster; or
``(bb) the catastrophic
incident occurred; or
``(II) in the case of a
nonmetropolitan county, the
nonmetropolitan county ceased to be a
qualified nonmetropolitan county during
the period beginning 5 years before and
ending 2 years after the date on
which--
``(aa) the President
declared the major disaster; or
``(bb) the catastrophic
incident occurred.
``(ii) Treatment.--A qualified disaster
area shall only be treated as a HUBZone--
``(I) in the case of a major
disaster declared by the President,
during the 5-year period beginning on
the date on which the President
declared the major disaster for the
area in which the census tract or
nonmetropolitan county, as applicable,
is located; and
``(II) in the case of a
catastrophic incident, during the 10-
year period beginning on the date on
which the catastrophic incident
occurred in the area in which the
census tract or nonmetropolitan county,
as applicable, is located.''; and
(2) in section 31(c)(3) (15 U.S.C. 657a(c)(3)), by
inserting ``the Administrator of the Federal Emergency
Management Agency,'' after ``the Secretary of Labor,''.
(b) Applicability.--The amendments made by subsection (a) shall
apply to a major disaster declared by the President under section 401
of the Robert T. Stafford Disaster Relief and Emergency Assistance Act
(42 U.S.C. 5170) or a catastrophic incident that occurs on or after the
date of enactment of this Act.
SEC. 3. BASE CLOSURE HUBZONES.
(a) In General.--Section 3(p)(5)(A)(i)(I) of the Small Business Act
(15 U.S.C. 632(p)(5)(A)(i)(I)) is amended--
(1) in item (aa), by striking ``or'' at the end;
(2) by redesignating item (bb) as item (cc); and
(3) by inserting after item (aa) the following:
``(bb) pursuant to
subparagraph (A), (B), (C),
(D), or (E) of paragraph (3),
that its principal office is
located in a HUBZone described
in paragraph (1)(E) (relating
to base closure areas) (in this
item referred to as the `base
closure HUBZone'), and that not
fewer than 35 percent of its
employees reside in--
``(AA) a HUBZone;
``(BB) the census
tract in which the base
closure HUBZone is
wholly contained;
``(CC) a census
tract the boundaries of
which intersect the
boundaries of the base
closure HUBZone; or
``(DD) a census
tract the boundaries of
which are contiguous to
a census tract
described in subitem
(BB) or (CC); or''.
(b) Period for Base Closure Areas.--
(1) Amendments.--
(A) In general.--Section 152(a)(2) of title I of
division K of the Consolidated Appropriations Act, 2005
(15 U.S.C. 632 note) is amended by striking ``5 years''
and inserting ``8 years''.
(B) Conforming amendment.--Section 1698(b)(2) of
National Defense Authorization Act for Fiscal Year 2013
(15 U.S.C. 632 note) is amended by striking ``5 years''
and inserting ``8 years''.
(2) Effective date; applicability.--The amendments made by
paragraph (1) shall--
(A) take effect on the date of enactment of this
Act; and
(B) apply to--
(i) a base closure area (as defined in
section 3(p)(4)(D) of the Small Business Act
(15 U.S.C. 632(p)(4)(D))) that, on the day
before the date of enactment of this Act, is
treated as a HUBZone described in section
3(p)(1)(E) of the Small Business Act (15 U.S.C.
632(p)(1)(E)) under--
(I) section 152(a)(2) of title I of
division K of the Consolidated
Appropriations Act, 2005 (15 U.S.C. 632
note); or
(II) section 1698(b)(2) of National
Defense Authorization Act for Fiscal
Year 2013 (15 U.S.C. 632 note); and
(ii) a base closure area relating to the
closure of a military instillation under the
authority described in clauses (i) through (iv)
of section 3(p)(4)(D) of the Small Business Act
(15 U.S.C. 632(p)(4)(D)) that occurs on or
after the date of enactment of this Act.
Calendar No. 112
114th CONGRESS
1st Session
S. 1292
_______________________________________________________________________
A BILL
To amend the Small Business Act to treat certain qualified disaster
areas as HUBZones and to extend the period for HUBZone treatment for
certain base closure areas, and for other purposes.
_______________________________________________________________________
June 10, 2015
Reported without amendment