STREAMLINING AND REVISION OF HUBZONE ELIGIBILITY REQUIREMENTS.

SEC. 151. STREAMLINING AND REVISION OF HUBZONE ELIGIBILITY REQUIREMENTS.(a) In General.—Section 3(p) of the Small Business Act (15 U.S.C. 632(p)) is amended—(1) in paragraph (3)—(A) by amending subparagraph (A) to read as follows:“(A) a small business concern that is at least 51 percent owned and controlled by United States citizens;”(B) in subparagraph (C), by striking “or” at the end;(C) in subparagraph (D)(ii), by striking the period at the end and inserting “; or”; and(D) by adding at the end the following:“(E) a small business concern that is—“(i) a small agricultural cooperative organized or incorporated in the United States;“(ii) wholly owned by 1 or more small agricultural cooperatives organized or incorporated in the United States; or“(iii) owned in part by 1 or more small agricultural cooperatives organized or incorporated in the United States, if all owners are small business concerns or United States citizens.”; and(2) in paragraph (5)(A)(i)(I)(aa), by striking “or (D)” and inserting “(C), (D), or (E)”.(b) Conforming Amendment.—Section 3(j) of the Small Business Act (15 U.S.C. 632(j)) is amended by striking “of section 7(b)(2)”.