[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1148 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1148

To amend the Small Business Act to designate Guam, the Virgin Islands, 
American Samoa, and the Commonwealth of the Northern Mariana Islands as 
         historically underutilized business zones (HUBZones).


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 8, 2005

  Ms. Bordallo (for herself, Mr. Faleomavaega, and Mrs. Christensen) 
 introduced the following bill; which was referred to the Committee on 
                             Small Business

_______________________________________________________________________

                                 A BILL


 
To amend the Small Business Act to designate Guam, the Virgin Islands, 
American Samoa, and the Commonwealth of the Northern Mariana Islands as 
         historically underutilized business zones (HUBZones).

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Insular Areas Small Business 
Development Act''.

SEC. 2. GUAM, VIRGIN ISLANDS, AMERICAN SAMOA, AND NORTHERN MARIANA 
              ISLANDS DESIGNATED AS HUBZONES.

    (a) In General.--Subsection (p) of section 3 of the Small Business 
Act (15 U.S.C. 632(p)) is amended by adding at the end the following 
new paragraph:
            ``(8) Additional definition of historically underutilized 
        business zone.--In addition to the definition under paragraph 
        (1), the term `historically underutilized business zone' means 
        any area located in Guam, the Virgin Islands, American Samoa, 
        or the Commonwealth of the Northern Mariana Islands.''.
    (b) Conforming Amendment.--Subsection (p)(1) of section 3 of the 
Small Business Act (15 U.S.C. 632(p)(1)) is amended by striking ``The 
term'' and inserting ``Subject to paragraph (8), the term''.
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