Sec. 6. Inclusion of concerns owned by HBCU business entities in definition of socially and economically disadvantaged small business concern
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Section 8(a) of the Small Business Act ( 15 U.S.C. 637(a) ) is amended by adding at the end the following new paragraph: In this subsection, the term HBCU business entity means an entity owned and operated by a part B institution (as defined under section 322 of the Higher Education Act of 1965 ( 20 U.S.C. 1061 ); commonly referred to as a historically Black college or university ) for purposes of— participation in interstate commerce; or participation in the program described under section 8(a). .
Section 8(a)(4) of the Small Business Act ( 15 U.S.C. 637(a)(4) ) is amended— in subparagraph (A)— in clause (i)— in subclause (I), by striking the comma at the end and inserting a semicolon; in subclause (II), by striking , or and inserting a semicolon; in subclause (III), by striking , or and inserting ; or ; and by adding at the end the following new subclause: a HBCU business entity; or ; and in clause (ii)— in subclause (I), by striking the comma at the end and inserting a semicolon; in subclause (II), by striking , or and inserting a semicolon; in subclause (III), by striking the period at the end and inserting ; or ; and by adding at the end the following new subclause: a HBCU business entity. ; and in subparagraph (B)— in clause (i), by striking the comma at the end and inserting a semicolon; in clause (ii), by striking , or and inserting a semicolon; in clause (iii), by striking the period at the end and inserting ; or ; and by adding at the end the following new subclause: a HBCU business entity described in subparagraph (A)(i)(IV) or subparagraph (A)(ii)(IV). .
Section 31(b)(2) of the Small Business Act ( 15 U.S.C. 657a(b)(2) )— in subparagraph (E)(ii), by striking or at the end; in subparagraph (F)(iii), by striking the period at the end and inserting ; or ; and by adding at the end the following new subparagraph: a small business concern— that is wholly owned by one or more HBCU business entities (as defined in section 8(a)(21)), or by a corporation that is wholly owned by one or more HBCU business entities; or that is owned in part by one or more HBCU business entities, or by a corporation that is wholly owned by one or more HBCU business entities, if all other owners are either United States citizens or small business concerns. .
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Sec. 6
Inclusion of concerns owned by HBCU business entities in definition of socially and economically disadvantaged small business concern
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