Sec. 866. SMALL BUSINESSES IN TERRITORIES OF THE UNITED STATES
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## SEC. 866 SMALL BUSINESSES IN TERRITORIES OF THE UNITED STATES ###
(a)Definition of Covered Territory Business ####
(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). ###
(b)Priority for Surplus Property Transfers Section 7(j)(13)(F)(iii) of the Small Business Act (15 U.S.C. 636(j)(13)(F)(iii)) is amended— ####
(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”. ###
(c)Contracting Incentives for Protege Firms That Are Covered Territory Businesses ####
(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.” > .
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Sec. 866
SMALL BUSINESSES IN TERRITORIES OF THE UNITED STATES
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