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HR 5729 IH
112th CONGRESS
2d Session
H. R. 5729
To amend the Small Business Act to permit Native Hawaiian Organizations to have status as HUBZone small business concerns, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
May 10, 2012
Ms. HANABUSA introduced the following bill; which was referred to the Committee on Small Business
A BILL
To amend the Small Business Act to permit Native Hawaiian Organizations to have status as HUBZone small business concerns, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. IN GENERAL.
(a) Eligibility for Status- Section 3(p)(3) of the Small Business Act (15 U.S.C. 632(p)(3)) is amended--
(1) in subparagraph (D), by striking ‘or’ at the end;
(2) in subparagraph (E), by striking the period at the end and inserting ‘; or’; and
(3) by inserting after subparagraph (E) the following:
‘(F) a small business concern--
‘(i) that is wholly owned by one or more Native Hawaiian organizations (as such term is defined in section 8(a)(15)), or by a corporation that is wholly owned by one or more Native Hawaiian organizations; or
‘(ii) that is owned in part by one or more Native Hawaiian organizations, or by a corporation that is wholly owned by one or more Native Hawaiian organizations, if all other owners are either United States citizens or small business concerns;’.
(b) Regulatory Authority- Not later than the date that is 1 year after the date of enactment of this Act, the Administrator of the Small Business Administration shall make rules to carry out the amendments made by this Act.
U.S. Congress - Text of H.R.5729 as Introduced in House Native Hawaiian HUBZone Opportunity Act of 2012
