118 HR 5063 IH: Small Business Contracting Credit Act U.S. House of Representatives 2023-07-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 5063IN THE HOUSE OF REPRESENTATIVESJuly 27, 2023Ms. Velázquez (for herself, Mrs. González-Colón, Ms. Plaskett, Mr. Moylan, and Mr. Sablan) introduced the following bill; which was referred to the Committee on Small BusinessA BILLTo amend the Small Business Act to extend the period during which credit for contracting with Puerto Rico businesses and covered territory businesses are double counted, and for other purposes.

1.

Short title

This Act may be cited as the Small Business Contracting Credit Act.

2.

Extension of double credit for Puerto Rico businesses and covered territory businesses

Section 15(x)(1) of the Small Business Act (15 U.S.C. 644(x)(1)) is amended by striking during the period beginning on the date of enactment of this subsection and ending on the date that is 4 years after such date of enactment and inserting the following: during the period beginning on the date that is 90 days after the date of the enactment of the Small Business Contracting Credit Act and ending on the date that is 3 years after the date of the enactment of such Act.