110 HR 6080 IH: HUBZone Equity for Distressed U.S. House of Representatives 2008-05-15 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.

I 110th CONGRESS 2d Session H. R. 6080 IN THE HOUSE OF REPRESENTATIVES May 15, 2008 Mr. Walberg introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to expand the ability of suburban areas to be HUBZones.

1.

Short title

This Act may be cited as the HUBZone Equity for Distressed Communities Act.

2.

Equity for suburban HUBZones

Section 3(p)(4) of the Small Business Act (15 U.S.C. 632(p)(4)) is amended by adding at the end the following: (E)

Qualified suburban area

The term qualified suburban area means any village, city, town, economic development area governed by a public authority, district, or other unit of general local government— (i)located in a county that includes, or is located in, a metropolitan statistical area (as defined in section 143(k)(2)(B) of the Internal Revenue Code of 1986); and (ii)that meets the income or unemployment qualifications under subparagraph (B)(ii). .