To extend the eligibility of redesignated areas as HUBZones from 3 years to 7 years.
Section 1
Short title
This Act may be cited as the “HUBZone Investment Protection Act”.
Sec. 2
Modification to the HUBZone program
Section 3(p)(4)(C) of the Small Business Act (15 U.S.C. 632(p)(4)(C)) is amended by striking “until the later of” and all that follows and inserting “for the 7-year period following the date on which the census tract or nonmetropolitan county ceased to be so qualified.”.