[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 690 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                 S. 690

  To extend the eligibility of redesignated areas as HUBZones from 3 
                           years to 7 years.


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                   IN THE SENATE OF THE UNITED STATES

                             March 21, 2017

 Mr. Cardin (for himself, Mr. Risch, Mrs. Shaheen, Ms. Hirono, and Mr. 
  Van Hollen) introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
  To extend the eligibility of redesignated areas as HUBZones from 3 
                           years to 7 years.

    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 ``HUBZone Investment Protection Act''.

SEC. 2. MODIFICATION TO THE HUBZONE PROGRAM.

    Section 3(p)(4)(C) of the Small Business Act (15 U.S.C. 
632(p)(4)(C)) is amended by striking ``until the later of'' and all 
that follows and inserting ``for the 7-year period following the date 
on which the census tract or nonmetropolitan county ceased to be so 
qualified.''.
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