Sec. 5. Opportunity zone program representatives
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Section 4 of the Small Business Act ( 15 U.S.C. 633 ) is amended by adding at the end the following: The Administrator, through each district office of the Administration, small business development center, women’s business center described in section 29, chapter of the Service Corps of Retired Executives authorized by section 8(b)(1), and Veteran Business Outreach Center described in section 32, shall train and educate field representatives on investments in areas that have been designated as qualified opportunity zones under section 1400Z–1 of the Internal Revenue Code of 1986. A field representative trained under paragraph
(1)shall— serve as a point of contact for questions and resources on the investments described in paragraph
(1)for the area served by the district office, small business development center, women’s business center, chapter of the Service Corps of Retired Executives, and Veteran Business Outreach Center, as applicable; educate elected leaders within such area on those investments; and hold an annual seminar in each State to educate managers of qualified opportunity funds (as defined in section 1400Z–2(d) of the Internal Revenue Code of 1986), qualified opportunity zone businesses (as defined in such section), State and local government officials, accountants, lawyers, and other interested persons on how to benefit from such investments. Not later than 1 year after the date of enactment of this subsection, and annually thereafter through 2026, the director of each regional office of the Administration shall submit to the Administrator a report on the success of the efforts of the field representatives trained under paragraph (1), including any problems faced by, and best practices of, the field representatives. The Administrator shall submit each report received under subparagraph
(A)to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives. .
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Sec. 5
Opportunity zone program representatives
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