SEC. 861. PUERTO RICO BUSINESSES.
(a) Definition Of Puerto Rico
Business.—Section 3 of the Small Business Act (15 U.S.C. 632) is
amended by adding at the end the following new subsection:
“(ee) Puerto Rico Business.—In this
Act, the term ‘Puerto Rico business’ means a small business
concern that has its principal office located in the
Commonwealth of Puerto Rico.”.
(b) Small Business Credit For Puerto
Rico Businesses.—Section 15 of the Small Business Act (15 U.S.C.
644) is amended by adding at the end the following new
subsection:
“(x) Small Business Credit For Puerto
Rico Businesses.—
“(1) CREDIT FOR MEETING CONTRACTING
GOALS.—If an agency awards a prime contract to Puerto Rico
business during the period beginning on the date of
enactment of this subsection and ending on the date that is
4 years after such date of enactment, the value of the
contract shall be doubled for purposes of determining
compliance with the goals for procurement contracts under
subsection (g)(1)(A)(i) during such period.
“(2) REPORT.—Along with the report required under subsection
(h)(1), the head of each Federal agency shall submit to the
Administrator, and make publicly available on the scorecard
described in section 868(b) of the National Defense
Authorization Act for Fiscal Year 2016 (15 U.S.C. 644 note),
an analysis of the number and dollar amount of prime
contracts awarded pursuant to paragraph (1) for each fiscal
year of the period described in such paragraph.”.
(c) Priority For Surplus Property
Transfers.—Section 7(j)(13)(F) of the Small Business Act (15
U.S.C. 636(j)(13)(F)) is amended by adding at the end the
following new clause:
“(iii) (I) In this clause, the term
‘covered period’ means the period beginning on the date of
enactment of this clause and ending on the date on which the
Oversight Board established under section 101 of the Puerto
Rico Oversight, Management, and Economic Stability Act (48
U.S.C. 2121) terminates.
“(II) The Administrator may transfer
technology or surplus property under clause (i) to a Puerto
Rico business if the Puerto Rico business meets the
requirements for such a transfer, without regard to whether
the Puerto Rico business is a Program Participant.”.
(d) Contracting Incentives For Protege
Firms That Are Puerto Rico Businesses.—
(1) IN GENERAL.—Section 45(a) of the
Small Business Act (15 U.S.C. 657r(a)) is amended by adding
at the end the following new paragraph:
“(3) PUERTO RICO BUSINESSES.—During the period beginning on
the date of enactment of this paragraph and ending on the
date on which the Oversight Board established under section
101 of the Puerto Rico Oversight, Management, and Economic
Stability Act (48 U.S.C. 2121) terminates, the Administrator
shall identify potential incentives to a covered mentor that
awards a subcontract to its covered protege, including—
“(A) positive consideration in any
past performance evaluation of the covered mentor; and
“(B) the application of costs incurred for providing
training to such covered protege to the subcontracting
plan (as required under paragraph (4) or (5) of section
8(d)) of the covered mentor.”.
(2) DEFINITIONS.—Section 45(d) of
the Small Business Act (15 U.S.C. 657r(d)) is amended by
adding at the end the following new paragraphs:
“(4) COVERED MENTOR.—The term ‘covered mentor’ means a
mentor that enters into an agreement under this Act, or
under any mentor-protege program approved under subsection
(b)(1), with a covered protege.
“(5) COVERED PROTEGE.—The term ‘covered protege’ means a
protege of a covered mentor that is a Puerto Rico
business.”.
(e) Additional Mentor-Protege
Relationships For Protege Firms That Are Puerto Rico
Businesses.—Section 45(b)(3)(A) of the Small Business Act (15
U.S.C. 657r(b)(3)(A)) is amended by inserting “, except that
such restrictions shall not apply to up to 2 mentor-protege
relationships if such relationships are between a covered
protege and covered mentor” after “each participant”. |
Puerto Rico businesses (sec. 861)
The House bill contained a provision
(sec. 864) that would modify the Small Business Act to include a
definition for Puerto Rico businesses and identify potential
incentives for businesses in a mentor-protégé relationship with
Puerto Rico businesses.
The Senate amendment contained no
similar provision.
The Senate recedes with a clarifying
amendment. |