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S. Rept. 114-269 1 (2016-05-26)

handle is hein.congrecreports/crptxsht0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 112 114TH CONGRESS S REPORT 2d Session SENATE 114-269 THE HUBZONE REVITALIZATION ACT OF 2015 MAY 26, 2016.-Ordered to be printed Mr. VITTER, from the Committee on Small Business and Entrepreneurship, submitted the following REPORT [To accompany S. 1292] The Committee on Small Business and Entrepreneurship, to which was referred the bill (S. 1292) to amend the Small Business Act to treat certain qualified disaster areas as HUBZones and to extend the period for HUBZone treatment for certain base closure areas, and for other purposes, having considered the same, reports favorably thereon, without amendment and recommends that the bill do pass. I. INTRODUCTION The HUBZone Revitalization Act of 2015 (S. 1292) was intro- duced by Senator Vitter with Senator King on May 12, 2015. The HUBZone Revitalization Act of 2015 seeks to extend HUBZone status to qualified businesses in disaster-affected areas. This bill will allow the SBA to designate areas hit by major or cata- strophic disasters as HUBZones. The HUBZone Revitalization Act of 2015 also deals with small businesses within Base Realignment and Closure affected areas. The bill would allow small businesses under the HUBZone program located within base closure areas to draw employees from sur- rounding areas in order to meet the program's 35 percent residency requirement. These surrounding areas are defined by census tract designations and include the census tracts that intersect with the base as well as the census tracts that are contiguous to the inter- secting tracts. The bill was also approved unanimously by voice vote. Identical language later became law as part of the National Defense Author- ization Act of 2016, S. 1356 (Public Law No. 114-92). 59-010

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