I 112th CONGRESS 2d Session H. R. 5729 IN THE HOUSE OF REPRESENTATIVES May 10, 2012 Ms. Hanabusa introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to permit Native Hawaiian Organizations to have status as HUBZone small business concerns, and for other purposes.

1.

Short title

This Act may be cited as the Native Hawaiian HUBZone Opportunity Act of 2012.

2.

In general

(a)

Eligibility for status

Section 3(p)(3) of the Small Business Act (15 U.S.C. 632(p)(3)) is amended— (1)in subparagraph (D), by striking or at the end; (2)in subparagraph (E), by striking the period at the end and inserting ; or; and (3)by inserting after subparagraph (E) the following: (F)a small business concern— (i)that is wholly owned by one or more Native Hawaiian organizations (as such term is defined in section 8(a)(15)), or by a corporation that is wholly owned by one or more Native Hawaiian organizations; or (ii)that is owned in part by one or more Native Hawaiian organizations, or by a corporation that is wholly owned by one or more Native Hawaiian organizations, if all other owners are either United States citizens or small business concerns; . (b)

Regulatory authority

Not later than the date that is 1 year after the date of enactment of this Act, the Administrator of the Small Business Administration shall make rules to carry out the amendments made by this Act.