SMALL BUSINESS CONTRACTING CREDIT FOR SUBCONTRACTORS THAT ARE PUERTO RICO BUSINESSES OR COVERED TERRITORY BUSINESSES.

SEC. 875. SMALL BUSINESS CONTRACTING CREDIT FOR SUBCONTRACTORS THAT ARE PUERTO RICO BUSINESSES OR COVERED TERRITORY BUSINESSES. Section 15(x) of the Small Business Act (15 U.S.C. 644(x)(1)) is amended— (1) in the subsection heading, by adding “and Covered Territory Businesses” after “Puerto Rico Businesses”; (2) in paragraph (1)— (A) by inserting “or a covered territory business, or a prime contractor awards a subcontract (at any tier) to a subcontractor that is a Puerto Rico business or a covered territory business,” after “Puerto Rico business”; (B) by inserting “or subcontract” after “the contract”; and (C) by striking “subsection (g)(1)(A)(i)” and inserting “subsection (g)(1)(A)”; and (3) by adding at the end the following new paragraph: “(3) Covered territory business defined.—In this subsection, the term ‘covered territory business’ means a small business concern that has its principal office located in one of the following: “(A) The United States Virgin Islands. “(B) American Samoa. “(C) Guam. “(D) The Northern Mariana Islands.” .