HUBZone Expansion Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 11, 2015)
HUBZone Expansion Act of 2015
This bill amends the Small Business Act to expand the HUBZone (historically underutilized business zone) program of Small Business Administration loans to small businesses in HUBZone areas for communities affected by base realignment and closure.
The expansion includes the areas that can be used by small businesses whose principal offices are located in base closure HUBZones, with at least 35% of their employees residing in:
- a HUBZone,
- a census tract in which the base closure HUBZone is wholly contained,
- a census tract that intersects the boundaries of the base closure HUBZone, or
- a census tract contiguous with these census tracts.
HUBZone eligibility assistance for base closure areas is extended from five years to eight years after their closure.
What just happenedMay 11, 2015
Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S2761-2762)
Who’s behind it
- Introduced in SenateMay 11, 2015
- May 11, 2015IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S2761-2762)
Small Business and Entrepreneurship Committee - May 11, 2015IntroReferral10000
Introduced in Senate