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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Expanding the Impact of the HUBZone Program Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the definitions relating to HUBZones in the Small Business Act, and for other purposes.


Actions Overview (1)

Date
05/22/2017Introduced in House

All Actions (2)

Date
05/22/2017Referred to the House Committee on Small Business.
Action By: House of Representatives
05/22/2017Introduced in House
Action By: House of Representatives

Cosponsors (0)

No cosponsors.


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Small Business05/22/2017 Referred to

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Latest Summary (1)

There is one summary for H.R.2592. View summaries

Shown Here:
Introduced in House (05/22/2017)

Expanding the Impact of the HUBZone Program Act of 2017

This bill amends the Small Business Act to redefine terms relating to the Historically Underutilized Business Zone (HUBZone) program as follows:

  • "HUBZone" as any area designated on a map by the Small Business Administration (SBA) within one or more specified locations,
  • "base closure area" and "qualified disaster area" to repeal the eight-year limitation on HUBZone eligibility, and
  • "qualified HUBZone small business concern" to require SBA certification for up to 10 years.

The SBA must determine whether or not to designate a qualified census tract or qualified nonmetropolitan county as a HUBZone immediately after the Census Bureau publicly releases the first results from the decennial census that occurs after enactment of this bill.

The bill amends the Consolidated Appropriations Act, 2005 to repeal the five-year limitation on HUBZone status of base closure areas.

The SBA must publish performance metrics to measure the success of the HUBZone program in promoting economic development in economically distressed areas.

A small business concern that was qualified as a HUBZone small business concern on or before the enactment of this bill shall be deemed a "qualified HUBZone small business concern" for up to 10 years beginning on its first qualification and may reapply for SBA certification at the end of such period.