To authorize the Administrator of the Small Business Administration to deem certain small business concerns qualified HUBZone small business concerns.

Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to deem a small business a qualified HUBZone (heavily underutilized business zone) small business if such small business has certified to the Administrator that: (1) it is not currently a HUBZone small business; (2) its principal office is located in a census tract adjacent to a HUBZone; (3) at least 35% of the employees reside in a HUBZone; and (4) it meets current SBA requirements applicable to qualified HUBZone small businesses.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4531 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 4531

To authorize the Administrator of the Small Business Administration to 
 deem certain small business concerns qualified HUBZone small business 
                               concerns.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 14, 2005

  Mr. Cramer introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
To authorize the Administrator of the Small Business Administration to 
 deem certain small business concerns qualified HUBZone small business 
                               concerns.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AUTHORITY FOR ADMINISTRATOR OF SMALL BUSINESS ADMINISTRATION 
              TO DEEM CERTAIN SMALL BUSINESS CONCERNS QUALIFIED HUBZONE 
              SMALL BUSINESS CONCERNS.

    (a) Waiver Authority.--Section 3(p)(5) of the Small Business Act 
(15 U.S.C. 632(p)(5)) is amended by adding at the end the following new 
subparagraph:
                    ``(D) Waiver for certain small business concerns.--
                The Administrator may deem a small business concern a 
                qualified HUBZone small business concern if the small 
                business concern has certified in writing to the 
                Administrator (or the Administrator otherwise 
                determines, based on information submitted to the 
                Administrator by the small business concern, or based 
                on certification procedures, which shall be established 
                by the Administration by regulation) that--
                            ``(i) the small business concern is not a 
                        HUBZone small business concern under paragraph 
                        (3);
                            ``(ii) the principal office of the small 
                        business concern is located in a census tract 
                        that is adjacent to a HUBZone;
                            ``(iii) not fewer than 35 percent of the 
                        employees of the small business concern reside 
                        in a HUBZone; and
                            ``(iv) the small business concern meets the 
                        criteria under--
                                    ``(I) subclauses (II) and (III) of 
                                subparagraph (A)(i); and
                                    ``(II) subparagraph (A)(ii).''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply with respect to the treatment of a small business concern 
beginning on the date that is 90 days after the date of the enactment 
of this Act.
                                 <all>