A bill to expand the HUBZone program for communities affected by base realignment and closure, and for other purposes.
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:
HUBZone eligibility assistance for base closure areas is extended from five years to eight years after their closure.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 88.
Vetoed by President.
By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-269.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S2761-2762)
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