H.R. 6080 (110th): HUBZone Equity for Distressed Communities Act

110th Congress, 2007–2009. Text as of May 15, 2008 (Introduced).

Status & Summary | PDF | Source: GPO

HR 6080 IH

110th CONGRESS

2d Session

H. R. 6080

To amend the Small Business Act to expand the ability of suburban areas to be HUBZones.

IN THE HOUSE OF REPRESENTATIVES

May 15, 2008

Mr. WALBERG introduced the following bill; which was referred to the Committee on Small Business

A BILL

To amend the Small Business Act to expand the ability of suburban areas to be HUBZones.

    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 `HUBZone Equity for Distressed Communities Act'.

SEC. 2. EQUITY FOR SUBURBAN HUBZONES.

    Section 3(p)(4) of the Small Business Act (15 U.S.C. 632(p)(4)) is amended by adding at the end the following:

        `(E) QUALIFIED SUBURBAN AREA- The term `qualified suburban area' means any village, city, town, economic development area governed by a public authority, district, or other unit of general local government--

          `(i) located in a county that includes, or is located in, a metropolitan statistical area (as defined in section 143(k)(2)(B) of the Internal Revenue Code of 1986); and

          `(ii) that meets the income or unemployment qualifications under subparagraph (B)(ii).'.