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United States · Bill · HR

H.R. 5178 (115th)

Puerto Rico Small Business Contracting Assistance Act of 2018

openUnited States· United States Congress· EN

Introduced

6 March 2018

Last action

10 April 2018 · Reported

Status

Placed on the Union Calendar, Calendar No. 481.

Sponsors

Rep. Velázquez, Nydia M. [D-NY-7]

Subjects

Taxation

Source updated

7 April 2025

Taxation

Summary

Puerto Rico Small Business Contracting Assistance Act of 2018 This bill amends the Small Business Act to double for four years after its enactment the value of a prime contract awarded by a federal agency to a small business with its principle office in Puerto Rico in order to comply with the Act's governmentwide goal for small businesses' participation to be at least 23% of the total value of all prime contract awards for each fiscal year during such period. Beginning on enactment of this bill and until the termination of the Financial Oversight and Management Board, the Small Business Administration (SBA): may transfer technology or surplus property to a Puerto Rico business if it meets SBA requirements for such transfer, without regard to whether the business is a small business and capital ownership development program participant; and shall identify potential incentives to a covered mentor that awards a subcontract to its covered protege (i.e., positive consideration in any past performance evaluation of such mentor, the application of costs incurred for providing training to the protege to the mentor's subcontracting plan, and such other SBA incentives). The bill requires the SBA to allow up to two additional mentor-protege relationships for protege firms that are Puerto Rico businesses. (Currently, the limit on SBA mentor-protege relationships is three.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 March 2018

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 6 March 2018

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 March 2018

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 14 March 2018

    Reported

    Ordered to be Reported by Voice Vote.

    Source: Committee

  5. 14 March 2018

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 10 April 2018

    Calendars

    Placed on the Union Calendar, Calendar No. 481.

    Source: Calendars

  7. 10 April 2018

    Reported

    Reported by the Committee on Small Business. H. Rept. 115-628.

    Source: Committee

  8. 10 April 2018

    Reported

    Reported by the Committee on Small Business. H. Rept. 115-628.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Reported in House (text)

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Leesvertaling

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  • Reported in House (text)

    Reported in House · EN · 10 April 2018

    ViewDownloadOpen at official source

  • Reported in House (PDF)

    Reported in House · EN · 10 April 2018

    ViewDownloadOpen at official source

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  • Introduced in House (text)

    Introduced in House · EN · 6 March 2018

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  • Introduced in House (PDF)

    Introduced in House · EN · 6 March 2018

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  • Introduced in House

    summary · EN · 6 March 2018

    Open at official source

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Sponsors

Related records

Sources

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