3.0.0 225 2022-11-01T13:49:27Z 2022-11-01T13:49:27Z House HR 2019-01-03 116 [Congressional Record Volume 165, Number 1 (Thursday, January 3, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 225.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power * * * To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H217]]]> hssm00 Small Business Committee House Standing Referred to 2019-01-03T16:26:00Z 2019-01-03 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2019-01-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-01-03 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N Commerce Border security and unlawful immigration Business education Caribbean area Congressional oversight Criminal justice information and records Foreign labor Government lending and loan guarantees Government studies and investigations Immigration status and procedures Interest, dividends, interest rates Public contracts and procurement Puerto Rico Small Business Administration Small business User charges and fees Veterans' education, employment, rehabilitation Commerce 00 2019-01-03 Introduced in House 2020-02-12T21:41:42Z Puerto Rico Small Business Assistance Act of 2019

This bill expands funding and support for small businesses that have their principal office in Puerto Rico.

Specifically, the bill

  • increases the total amount of loans outstanding and committed to any microloan intermediary if at least 20% of the intermediary's loans are made to such businesses;
  • waives the Small Business Administration (SBA) Microloan Program's limit on an intermediary's spending on technical assistance for prospective borrowers if 25% of the intermediary's loans are made to these businesses
  • requires the Government Accountability Office to report on intermediary participation;
  • reduces or eliminates SBA fees on certain loans to such businesses; and
  • gives federal contract preference to such businesses.

The SBA shall establish (1) a Veteran Business Outreach Center in Puerto Rico, and (2) a temporary Federal and State Technology (FAST) grant program to provide assistance to Puerto Rico businesses.

]]> Puerto Rico Small Business Assistance Act of 2019 Display Title Puerto Rico Small Business Assistance Act of 2019 Official Title as Introduced To provide for small business concerns located in Puerto Rico, and for other purposes. Introduced in House IH Short Title(s) as Introduced Puerto Rico Small Business Assistance Act of 2019 Introduced in House IH Introduced in House 2019-01-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr225ih/xml/BILLS-116hr225ih.xml 2019-01-03 Referred to the House Committee on Small Business. 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.