S 1266
114th Congress
Senate
Commerce
Economic development
Government lending and loan guarantees
Military facilities and property
Small business
HUBZone Expansion Act of 2015
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 11, 2015
Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S2761-2762)
May 11, 2015
Introduced in Senate
Plain-English summary
HUBZone Expansion Act of 2015
This bill amends the Small Business Act to expand the HUBZone (historically underutilized business zone) program of Small Business Administration loans to small businesses in HUBZone areas for communities affected by base realignment and closure.
The expansion includes the areas that can be used by small businesses whose principal offices are located in base closure HUBZones, with at least 35% of their employees residing in:
- a HUBZone,
- a census tract in which the base closure HUBZone is wholly contained,
- a census tract that intersects the boundaries of the base closure HUBZone, or
- a census tract contiguous with these census tracts.
HUBZone eligibility assistance for base closure areas is extended from five years to eight years after their closure.
What's happening now
Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S2761-2762)
Committees of jurisdiction
1
Cosponsors
1