[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3990 Introduced in House (IH)]

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114th CONGRESS
  1st Session
                                H. R. 3990

   To amend the Small Business Act to provide grants for university 
                          business incubators.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 5, 2015

 Mr. Swalwell of California (for himself, Mr. Gallego, Mr. Peters, Mr. 
    Jeffries, Mr. Kilmer, and Mr. Murphy of Florida) introduced the 
 following bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
   To amend the Small Business Act to provide grants for university 
                          business incubators.

    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 ``Start-up America's Students Act''.

SEC. 2. UNIVERSITY BUSINESS INCUBATOR GRANT PROGRAM.

    The Small Business Act (15 U.S.C. 631 et seq.) is amended--
            (1) by redesignating section 47 as section 48; and
            (2) by inserting after section 46 the following:

``SEC. 47. UNIVERSITY BUSINESS INCUBATORS.

    ``(a) Grants.--The Administrator, in consultation with the 
Secretary of Education, shall award grants, on a competitive basis, to 
eligible institutions for the purpose of establishing, maintaining, 
expanding, and improving business incubators operated by or affiliated 
with such eligible institutions.
    ``(b) Applications.--An eligible institution desiring a grant under 
this section shall prepare and submit to the Administrator an 
application, at such time, in such manner, and containing such 
information as the Administrator, in consultation with the Secretary of 
Education, may require.
    ``(c) Definitions.--In this section:
            ``(1) Business incubator.--The term `business incubator' 
        means a facility that is primarily used to provide space where 
        start-up businesses--
                    ``(A) share space, support staff or services, 
                physical resources, or overhead expenses; and
                    ``(B) receive technical assistance, financial 
                advice, or business planning services.
            ``(2) Eligible institution.--The term `eligible 
        institution' means an institution of higher education (as 
        defined in section 102 of the Higher Education Act of 1965 (20 
        U.S.C. 1002)) with a program participation agreement under 
        section 487 of such Act (20 U.S.C. 1094).
            ``(3) Start-up business.--The term `start-up business' 
        means a small business concern that--
                    ``(A) has 10 or fewer employees; and
                    ``(B) has been in operation for less than four 
                years.''.
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