§2199 — Title 48 Territories and Insular Possessions | U.S. Code

Summary

The Administrator of the Small Business Administration must, no later than 270 days after June 30, 2016, create and put into effect rules and guidance that use a risk-based way to request and check information from companies applying to become or be recertified as qualified HUBZone small business concerns (see section 632(p)(5) of title 15 for that term). Not later than 1 year after those rules take effect, the Comptroller General must start a review. Within 6 months of starting, the Comptroller General must send a report to the Senate Committee on Small Business and Entrepreneurship and the House Committee on Small Business. The report must assess the rules and how they were carried out, say whether only qualified HUBZone firms are in the program under section 657a of title 15, check if the changes led to job growth in Puerto Rico, and give recommendations to improve program controls.

Title 48, §2199

Territories and Insular Possessions — Source: USLM XML via OLRC

(a)

(b)(1)Not later than 270 days after June 30, 2016, the Administrator of the Small Business Administration shall develop and implement criteria and guidance on using a risk-based approach to requesting and verifying information from entities applying to be designated or recertified as qualified HUBZone small business concerns (as defined in section 632(p)(5) 11 See References in Text note below. of title 15).

(2)Not later 1 year after the date on which the criteria and guidance described in paragraph (1) is implemented, the Comptroller General of the United States shall begin an assessment of such criteria and guidance. Not later than 6 months after beginning such an assessment, the Comptroller General shall submit a report to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives that includes—

(A)an assessment of the criteria and guidance issued by the Administrator of the Small Business Administration in accordance with paragraph (1);

(B)an assessment of the implementation of the criteria and guidance issued by issued by 11 So in original. the Administrator of the Small Business Administration in accordance with paragraph (1);

(C)an assessment as to whether these measures have successfully ensured that only qualified HUBZone small business concerns are participating in the HUBZone program under section 657a of title 15;

(D)an assessment as to whether the reforms made by the criteria and guidance implemented under paragraph (1) have resulted in job creation in the Commonwealth of Puerto Rico; and

(E)recommendations on how to improve controls in the HUBZone program.

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 632(p)(5) of title 15, referred to in subsec. (b)(1), was redesignated as section 657a(b)(5) of Title 15, Commerce and Trade, by Pub. L. 115–91, div. A, title XVII, § 1701(a)(2), Dec. 12, 2017, 131 Stat. 1795. Codification Section is comprised of section 412 of Pub. L. 114–187. Subsec. (a)(1) of section 412 of Pub. L. 114–187 amended section 632 of Title 15, Commerce and Trade. Subsec. (a)(2) of section 412 of Pub. L. 114–187 enacted provisions set out as a note under section 632 of Title 15.

§2199 Expansion of HUBZones in Puerto Rico

Summary

Title 48, §2199

Notes & Related Subsidiaries

Editorial Notes

References in Text

Citations & Metadata