3.0.0 929 2023-01-11T13:36:56Z 2023-01-11T13:36:56Z Senate S 2017-04-25 115 sssb00 Small Business and Entrepreneurship Committee Senate Standing Reported by 2017-08-02T21:37:03Z Markup by 2017-08-02T15:00:42Z Hearings by 2017-04-26T14:00:38Z Referred to 2017-04-25T15:29:49Z 2017-08-02 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 197. Calendars 2017-08-02 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Reported by Senator Risch with amendments. Without written report. Committee 2017-08-02 Committee on Small Business and Entrepreneurship. Reported by Senator Risch with amendments. Without written report. Committee 14000 9 Library of Congress sssb00 Small Business and Entrepreneurship Committee 2017-08-02 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably. Committee 2017-04-26 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-58. Committee 2017-04-25 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2017-04-25 Introduced in Senate IntroReferral 10000 9 Library of Congress S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2017-06-20 False D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2017-08-01 False 2017-09-13T20:00:30Z S. 929, Invest in Rural Small Business Act of 2017 https://www.cbo.gov/publication/53101 As reported by the Senate Committee on Small Business and Entrepreneurship on August 2, 2017 Commerce Economic development Public contracts and procurement Rural conditions and development Small business Unemployment Commerce 00 2017-04-25 Introduced in Senate 2017-10-17T19:37:13Z Invest in Rural Small Business Act of 2017

This bill amends the Small Business Act to modify the definition of qualified Historically Underutilized Business Zone (HUBZone) small business concern to reduce from 35% to 33% the number of a small firm's employees required to live within a HUBZone.

The HUBZone program is expanded to include a qualified area located outside of an urbanized area with a population of 50,000 or less (covered area) designated by the Small Business Administration (SBA) in response to a petition by the governor of a state, the District of Columbia, or a U.S. territory.

The SBA:

  • may designate as a HUBZone, in response to a governor's petition, a covered area that has an average unemployment rate at least 120% of the average U.S. or state unemployment rate, whichever is less;
  • shall establish procedures to ensure that it accepts petitions from all states each fiscal year and give an interested governor technical assistance before a petition is filed; and
  • must approve or deny, within 60 days upon receipt, a small business concern's application for certification as a qualified HUBZone small business concern.
]]> 01 2017-08-02 Reported to Senate with amendment(s) 2017-12-12T17:18:53Z Invest in Rural Small Business Act of 2017

(Sec. 2) This bill amends the Small Business Act to modify the definition of qualified Historically Underutilized Business Zone (HUBZone) small business concern to reduce from 35% to 33% the number of a small firm's employees required to live within a HUBZone.

(Sec. 3) The HUBZone program is expanded to include a qualified area located outside of an urbanized area with a population of 50,000 or less (covered area) designated by the Small Business Administration (SBA) in response to a petition by the governor of a state, the District of Columbia, or a U.S. territory.

The SBA may designate, in response to a governor's petition, only a covered area for which the designation is sought that has an average unemployment rate at least 120% of the average U.S. or state unemployment rate, whichever is less.

In reviewing such petition, the SBA may consider:

  • the potential for job creation and investment;
  • the demonstrated interest of small business concerns in the covered area to participate in such HUBZone program; and
  • the consideration by state and local government officials of a HUBZone as part of an economic development strategy.

The governor:

  • is limited to submitting one petition in a fiscal year unless the SBA determines that an additional petition from the governor's state is appropriate;
  • may not submit a petition for more than 10% of the total number of covered areas in the state; and
  • shall at least annually submit data to the SBA certifying that each covered area designated continues to meet the requirements of this bill.

The SBA shall establish procedures to ensure that it accepts petitions from all states each fiscal year and gives an interested governor technical assistance before a petition is filed.

(Sec. 4) The SBA must approve or deny, within 60 days upon receipt, a small business concern's application for certification as a qualified HUBZone small business concern.

]]> Invest in Rural Small Business Act of 2017 Display Title Invest in Rural Small Business Act of 2017 Official Title as Introduced A bill to improve the HUBZone program. Introduced in Senate IS Short Titles as Introduced Invest in Rural Small Business Act of 2017 Short Titles as Reported to Senate Invest in Rural Small Business Act of 2017 S Senate Reported to Senate 2017-08-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s929rs/xml/BILLS-115s929rs.xml Introduced in Senate 2017-04-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s929is/xml/BILLS-115s929is.xml 2017-08-02 Placed on Senate Legislative Calendar under General Orders. Calendar No. 197. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.