US Congress Senate Bill 1292 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 12 2015 - 25% progression, died in chamber
Action: 2016-05-26 - By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-269.
Text: Latest bill text (Introduced) [PDF]

HUBZone Revitalization Act of 2015 (Sec. 2) This bill amends the Small Business Act to redefine HUBZones (historically underutilized business Zones) eligible for certain assistance to include a qualified disaster area (a specified census tract or nonmetropolitan county located in a major declared disaster area or in an area where a catastrophic incident has occurred). A qualified disaster area shall be treated as a HUBZone for 5 years after it has been declared a major disaster area or for 10 years after a catastrophic incident has occurred within it. The Federal Emergency Management Agency shall provide the Small Business Administration with any data it needs to verify a small business's eligibility for the HUBZone small business loan program. (Sec. 3) HUBZones shall now also include 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 census tract contiguous with these census tracts. This bill also amends the Consolidated Appropriations Act, 2005 to extend HUBZone eligibility assistance for base closure areas from five years to eight years after their closure.

HUBZone Revitalization Act of 2015

Sen. David Vitter [R-LA]

Sen. Angus King [I-ME]

Date	Chamber	Action
2016-05-26	Senate	By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-269.
2015-06-10	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 112.
2015-06-10	Senate	Committee on Small Business and Entrepreneurship. Reported by Senator Vitter without amendment. Without written report.
2015-06-03	Senate	Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
2015-05-12	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.

SB1266 (Related) 2015-05-11 - Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S2761-2762)
SB1376 (Related) 2015-05-19 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 88.
HB1735 (Related) 2015-10-22 - Vetoed by President.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1292/all-info
Text	https://www.congress.gov/114/bills/s1292/BILLS-114s1292is.pdf
Text	https://www.congress.gov/114/bills/s1292/BILLS-114s1292rs.pdf