[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5063 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 5063

   To amend the Small Business Act to extend the period during which 
    credit for contracting with Puerto Rico businesses and covered 
    territory businesses are double counted, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 27, 2023

  Ms. Velazquez (for herself, Mrs. Gonzalez-Colon, Ms. Plaskett, Mr. 
   Moylan, and Mr. Sablan) introduced the following bill; which was 
              referred to the Committee on Small Business

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                                 A BILL


 
   To amend the Small Business Act to extend the period during which 
    credit for contracting with Puerto Rico businesses and covered 
    territory businesses are double counted, and for other purposes.

    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 ``Small Business Contracting Credit 
Act''.

SEC. 2. EXTENSION OF DOUBLE CREDIT FOR PUERTO RICO BUSINESSES AND 
              COVERED TERRITORY BUSINESSES.

    Section 15(x)(1) of the Small Business Act (15 U.S.C. 644(x)(1)) is 
amended by striking ``during the period beginning on the date of 
enactment of this subsection and ending on the date that is 4 years 
after such date of enactment'' and inserting the following: ``during 
the period beginning on the date that is 90 days after the date of the 
enactment of the Small Business Contracting Credit Act and ending on 
the date that is 3 years after the date of the enactment of such Act''.
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