To amend section 31 of the Small Business Act with respect to awarding contract opportunities to qualified HUBZone small business concerns, and for other purposes.

Amends the Small Business Act with respect to the HUBZone (historically underutilized business zone) program to authorize (under current law, requires) a contracting opportunity to be awarded under the program on the basis of competition restricted to qualified HUBZone small businesses if the contracting officer expects that not less than two qualified HUBZone small businesses will submit offers and that the award can be made at a fair market price.