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HUBZone Expansion Act of 2015
1/11/2023, 1:31 PM
Congressional Summary of S 1266
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.
Read the Full Bill
Current Status of Bill S 1266
Bill S 1266 is currently in the status of Bill Introduced since May 11, 2015. Bill S 1266 was introduced during Congress 114 and was introduced to the Senate on May 11, 2015. Bill S 1266's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. (Sponsor introductory remarks on measure: CR S2761-2762) as of May 11, 2015
Bipartisan Support of Bill S 1266
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 1266
Primary Policy Focus
CommercePotential Impact Areas
- Economic development
- Government lending and loan guarantees
- Military facilities and property
- Small business
Alternate Title(s) of Bill S 1266
HUBZone Expansion Act of 2015
A bill to expand the HUBZone program for communities affected by base realignment and closure, and for other purposes.
HUBZone Expansion Act of 2015
Comments
Sponsors and Cosponsors of S 1266
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