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United States · Bill · S

S. 2838 (114th)

Small Business Transforming America's Regions Act of 2016

openUnited States· United States Congress· EN

Introduced

21 April 2016

Last action

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Status

By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-418.

Sponsors

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Subjects

Discovery layer

Source updated

12 August 2025

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Summary

Small Business Transforming America's Regions Act of 2016 This bill amends the Small Business Act to include in the Historically Underutilized Business Zone (HUBZone) program a qualified area designated by the Small Business Administration (SBA) in response to a petition by the governor of a state, the District of Columbia, or a U.S. territory. The SBA may designate in response to such a petition only a tract that: has a median household income less than 70% of the state median household income; has an unemployment rate at least 120% percent of the average U.S. or state unemployment rate, whichever is less; or meets other SBA criteria. The SBA shall establish procedures to: ensure that it accepts petitions from all states each fiscal year, and give an interested governor technical assistance before a petition is filed.

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Documents

6 official files

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Sources

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