1. Short title This Act may be cited as the Puerto Rico Small Business Assistance Act of 2017 . 2. Table of contents The table of contents for this Act is as follows: Sec. 1. Short title. Sec. 2. Table of contents. Sec. 3. Definitions. Title I—Lending Sec. 101. Microloan program for Puerto Rico small business concerns. Sec. 102. Fee reductions. Sec. 103. Economic stimulus lending program for small businesses. Sec. 104. Contribution percentages for 504 projects. Sec. 105. Independent subsidy calculation. Title II—Procurement Sec. 201. Contracting preference for Puerto Rico businesses. Sec. 202. Priority for surplus property transfers. Sec. 203. Subcontracting incentives for protege firms that are Puerto Rico businesses. Sec. 204. Additional mentor-protege relationships for protege firms that are Puerto Rico businesses. Title III—Entrepreneurial Development Sec. 301. Veteran Business Outreach Center in Puerto Rico. Sec. 302. FAST grant program for Puerto Rico. Title IV—Small Business Administration Oversight Sec. 401. Requirement for the District Director of Puerto Rico. 3. Definitions (a) This Act In this subtitle: (1) Administrator The term Administrator means the Administrator of the Small Business Administration. (2) Oversight Board termination date The term Oversight Board termination date means the date on which the Oversight Board established under section 101 of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2121 ) terminates. (3) Puerto Rico The term Puerto Rico means the Commonwealth of Puerto Rico. (4) Puerto Rico business The term Puerto Rico business means a small business concern that has its principal office located in the Commonwealth of Puerto Rico. (5) Small business concern The term small business concern has the meaning given such term under section 3 of the Small Business Act ( 15 U.S.C. 632 ). (b) Small Business Act Section 3 of the Small Business Act ( 15 U.S.C. 632 ) is amended by adding at the end the following: (ee) Puerto Rico business In this Act, the term