(1) In general.--Section 3 of the Small
Business Act (15 U.S.C. 632) is amended by adding at the end
the following new subsection:
``(ff) Covered Territory Business.--In this
Act, the term `covered territory business' means a small
business concern that has its principal office located in one
of the following:
``(1) The United States Virgin Islands.
``(2) American Samoa.
``(3) Guam.
``(4) The Northern Mariana Islands.''.
(2) Conforming amendment.--Section 15(x) of
the Small Business Act (15 U.S.C. 644(x)) is amended by
striking paragraph (3).
(1) in subclause (I), by striking ``means''
and all that follows through the period at the end and
inserting the following: ``means--
``(aa) in the case of a Puerto Rico
business, the period beginning on August 13, 2018, and ending
on the date on which the Oversight Board established under
section 2121 of title 48 terminates; and
``(bb) in the case of a covered territory
business, the period beginning on the date of the enactment of
this item and ending on the date that is 4 years after such
date of enactment.''; and
(2) in subclause (II)--
(A) by inserting ``or a covered territory
business'' after ``a Puerto Rico business''; and
(B) by striking ``the Puerto Rico
business'' each place it appears and inserting ``either such
business''.
(1) Contracting incentives.--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:
``(4) Covered territory businesses.--During
the period beginning on the date of the enactment of this
paragraph and ending on the date that is 4 years after
such date of enactment, the Administrator shall identify
potential incentives to a covered territory mentor that awards
a subcontract to its covered territory protege, including--
``(A) positive consideration in any past
performance evaluation of the covered territory mentor; and
``(B) the application of costs incurred for
providing training to such covered territory protege to the
subcontracting plan (as required under paragraph (4) or (5)
of section 8(d)) of the covered territory mentor.''.
(2) Mentor-protege relationships.--Section
45(b)(3)(A) of the Small Business Act (15 U.S.C.
657r(b)(3)(A)) is amended by striking ``relationships are''
and all that follows through the period at the end and
inserting the following:
``relationships--
``(i) are between a covered protege and a
covered mentor; or
``(ii) are between a covered territory
protege and a covered
territory mentor.''.
(3) 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:
``(6) Covered territory mentor.--The term
`covered territory 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 territory
protege.
``(7) Covered territory protege.--The term
`covered territory protege' means a protege of a covered
territory mentor that is a covered territory business.''.
