S. 690 — Introduced in Senate

II 115th CONGRESS 1st Session S. 690 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. 1. Short title This Act may be cited as the HUBZone Investment Protection Act. 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..