Small Business
US Congress 115th Congress
Indian Community Economic Enhancement Act of 2018 [S.1116]
[Native American Affairs ]
[Economic Development ]
[Community Development ]
[Funding ]
[Grants ]
[Small Business ]
[Finance ]
Indian Community Economic Enhancement Act of 2018 (Sec. 3) This bill amends the Native American Business Development, Trade Promotion, and Tourism Act of 2000 to establish duties for the Office of Native American Business Development (ONABD), including: (1) advising the Department of Commerce regarding the relationship between the United States and Indian tribes; and (2) serving as the point of contact for tribes, tribal organizations, and members of tribes regarding economic development and doing business in Indian lands. Commerce, Interior, and
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Sponsored by: Sen. John McCain
Subcommittee Hearings Held. on 07/24/2018
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Investing in Main Street Act of 2017 [HB-2364]
[Finance ]
[Small Business ]
[Investments ]
Investing in Main Street Act of 2017 (Sec. 2) This bill amends the Small Business Investment Act of 1958 to increase from 5% to 15% of its capital and surplus, the amount a national bank, a member bank of the Federal Reserve System, a nonmember insured bank (to the extent permitted under applicable state law), or a federal savings association may invest in one or more small business investment companies (SBICs), or in any entity established to invest solely in SBICs. The increase is subject to the approval of the appropriate federal banking agency.
Sponsored by: Rep. Judy Chu
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/25/2017
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Capital Access for Small Business Banks Act [HB-2339]
[Finance ]
[Taxes ]
[Small Business ]
Capital Access for Small Business Banks Act This bill amends the Internal Revenue Code to allow a bank or a depository institution holding company which is an S corporation to: (1) have 500 shareholders (the current limit is 100 shareholders), and (2) issue qualified preferred bank stock. The bill makes a distribution of qualified preferred bank stock to a shareholder includible in the gross income of the shareholder and allows the bank or holding company to deduct the amount of such distribution.
Sponsored by: Rep. Lynn Jenkins
Introduced In House on 05/03/2017
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Small Business Investment Opportunity Act of 2017 [HB-2333]
[Small Business ]
[Finance ]
[Investments ]
[Economic Development ]
Small Business Investment Opportunity Act of 2017 (Sec. 2) This bill amends the Small Business Investment Act of 1958 to increase the maximum amount of outstanding leverage (i.e., borrowing power) made available to any licensed small business investment company from $150 million to $175 million.
Sponsored by: Rep. Judy Chu
Became Public Law No: 115-187. (txt | Pdf) on 06/21/2018
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Main Street Revival Act of 2017 [HB-2265]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Main Street Revival Act of 2017 This bill amends the Internal Revenue Code to allow a specified small business to pay its first-year employment taxes in four annual installments. The bill defines "specified small business" as any HUBZone business (a business operating in a historically underutilized business zone as defined by the Small Business Act) that is not reasonably expected to employ more than 25 full-time employees in its first year of operation.
Sponsored by: Rep. Eric Swalwell
Introduced In House on 05/01/2017
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HOME Act Housing Opportunities Made Easier Act [HB-2255]
[Housing ]
[Small Business ]
[Senior Citizens ]
[Law Enforcement ]
[Consumer Protection ]
[Finance ]
HOME Act Housing Opportunities Made Easier Act TITLE I--HOUSING OPPORTUNITIES MADE EASIER (Sec. 101) This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable. TITLE II--EXPANDING ACCESS TO CAPITAL FOR RURAL JOB CREATORS (Sec. 201) The bill amends the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation within the Securities and Exchange Commission
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Sponsored by: Sen. Kyrsten Sinema
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/30/2018
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Expressing support for the designation of the week of April 30, 2017, through May 6, 2017, as "National Small Business Week" to honor the vital role of small business and the passion of entrepreneurs in the United States. [HR-295]
[Small Business ]
[Economic Development ]
Expressing support for the designation of the week of April 30, 2017, through May 6, 2017, as "National Small Business Week" to honor the vital role of small business and the passion of entrepreneurs in the United States. Supports: (1) the designation of National Small Business Week, (2) efforts to encourage consumers to shop locally, and (3) efforts to increase awareness of the value of locally owned small businesses and the impact of locally owned small business on the U.S. economy. Honors the vital role of small business and entrepreneurs in
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Sponsored by: Rep. Ted Lieu
Introduced In House on 04/28/2017
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Government Shutdown Accountability and Economic Report Act of 2017 [HB-2214]
[Budget and Spending ]
[Economic Development ]
[Elections ]
[Finance ]
[Inflation ]
[Labor, Jobs, Employment ]
Government Shutdown Accountability and Economic Report Act of 2017 This bill prohibits Members of Congress from being paid salaries during a pay period in which a government shutdown is in effect after the regularly scheduled general election for federal office held in November 2018. For the purpose of this bill, a government shutdown is considered to be in effect if there is a lapse in appropriations for any federal agency or department as a result of a failure to enact a regular appropriations bill or continuing resolution. If a government shutdown
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Sponsored by: Rep. Stephanie Murphy
Introduced In House on 04/27/2017
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Expressing support for the designation of the week of April 30, 2017, through May 6, 2017, as "National Small Business Week" to celebrate the contributions of small businesses and entrepreneurs in every community in the United States. [HR-288]
[Small Business ]
[Economic Development ]
Expressing support for the designation of the week of April 30, 2017, through May 6, 2017, as "National Small Business Week" to celebrate the contributions of small businesses and entrepreneurs in every community in the United States. Celebrates the contributions of small businesses and entrepreneurs in every U.S. community. Supports the designation of National Small Business Week. Recognizes the importance of creating policies which promote an environment in which small businesses may succeed. Supports efforts to: (1) encourage consumers to utilize
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Sponsored by: Rep. Barbara Comstock
Introduced In House on 04/27/2017
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Financial CHOICE Act of 2017 [HB-10]
[Finance ]
[Insurance ]
[Small Business ]
[Consumer Protection ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
[Taxes ]
[Technology and Innovation ]
[Trade ]
[Economic Development ]
[Senior Citizens ]
[Retirement ]
Financial CHOICE Act of 2017 (Sec. 2) This bill repeals provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws. Any rule that was issued or revised pursuant to a provision repealed by the bill is nullified. TITLE I--ENDING "TOO BIG TO FAIL" AND BANK BAILOUTS Subtitle A--Repeal of the Orderly Liquidation Authority (Sec. 111) The bill repeals the orderly liquidation authority of the Federal Deposit Insurance Corporation (FDIC). The FDIC's orderly liquidation authority, as established under the Dodd-Frank Act, allows
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Sponsored by: Rep. Alexander Mooney
Committee On Banking, Housing, And Urban Affairs. Hearings Held. Hearings Printed: S.hrg. 115-108. on 07/13/2017
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FDA Reauthorization Act of 2017 [S.934]
[Pharmaceuticals ]
[Healthcare ]
[Public Health ]
[Medicare and Medicaid ]
[Funding ]
[Budget and Spending ]
[Consumer Protection ]
FDA Reauthorization Act of 2017 TITLE I--FEES RELATING TO DRUGS Prescription Drug User Fee Amendments of 2017 (Sec. 102) This bill amends the Federal Food, Drug, and Cosmetic Act to extend through FY2022 and revise Food and Drug Administration (FDA) user fees for new drug applications. User fees are eliminated for supplements to new drug applications and drug manufacturing facilities. TITLE II--FEES RELATING TO DEVICES Medical Device User Fee Amendments of 2017 (Sec. 203) The bill extends through FY2022 and revises FDA user fees for medical devices.
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Sponsored by: Sen. Lamar Alexander
Committee On Health, Education, Labor, And Pensions. Ordered To Be Reported With An Amendment In The Nature Of A Substitute Favorably. Markup Report Cq on 05/11/2017
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More JOBS for Rural Areas Act More Job Opportunities and Business Startups for Rural Areas Act [HB-2102]
[Finance ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
More JOBS for Rural Areas Act More Job Opportunities and Business Startups for Rural Areas Act This bill requires the Securities and Exchange Commission to report to Congress on topics related to improving access to capital in rural areas.
Sponsored by: Rep. Ruben Kihuen
Introduced In House on 04/17/2017
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Promotion and Expansion of Private Employee Ownership Act of 2017 [HB-2092]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Promotion and Expansion of Private Employee Ownership Act of 2017 This bill amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employee stock ownership plan (ESOP); and (2) allow a tax deduction for 50% of the interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities. The Department of the Treasury must establish the S Corporation Employee Ownership
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Sponsored by: Rep. Janice Schakowsky
Introduced In House on 04/12/2017
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Retirement Inflation Protection Act of 2017 [HB-2017]
[Retirement ]
[Inflation ]
[Taxes ]
[Senior Citizens ]
Retirement Inflation Protection Act of 2017 This bill amends the Internal Revenue Code to allow the adjusted basis of certain assets (including common stock in a C corporation and tangible property used in a trade or business) to be indexed for inflation for the purpose of determining the gain or loss of individuals who: (1) have held the asset for more than 3 years, and (2) have attained the age of 59-1/2 as of the date of the sale or other disposition of the asset. The bill sets forth rules for applying the inflation adjustment to short sales,
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Sponsored by: Rep. Tom Emmer
Introduced In House on 04/06/2017
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Growing and Reviving Rural Economies Through Transitioning HUBZone Redesignation Act of 2017 [HB-2013]
[Small Business ]
[Economic Development ]
[Community Development ]
Growing and Reviving Rural Economies Through Transitioning HUBZone Redesignation Act of 2017 This bill amends the Small Business Act with respect to Historically Underutilized Business Zones (HUBZones) located in qualified census tracts, qualified nonmetropolitan counties, or redesignated areas, which are census tracts or nonmetropolitan counties that cease to meet the ordinary criteria for the HUBZone program but are "redesignated" to qualify for it. The bill increases the length of time a census tract or nonmetropolitan county may be redesignated
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Sponsored by: Rep. David Loebsack
Introduced In House on 04/06/2017
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Microloan Modernization Act of 2017 [HB-2056]
[Finance ]
[Small Business ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
Microloan Modernization Act of 2017 (Sec. 3) This bill amends the Small Business Act, with respect to the Small Business Administration (SBA) Microloan Program (assisting low-income individuals to start and operate a small business), to increase from $5 million to $6 million the total amount of loans outstanding and committed to any particular intermediary (excluding outstanding grants) from the SBA business loan and investment fund for the remaining years of the intermediary's participation in the program. (Sec. 4) SBA-designated microloan intermediary
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Sponsored by: Rep. Gregory Meeks
Received In The Senate And Read Twice And Referred To The Committee On Small Business And Entrepreneurship. on 07/25/2017
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Reigniting Opportunity for Innovators Act [S.848]
[Student Loans ]
[Small Business ]
[Economic Development ]
[Education ]
Reigniting Opportunity for Innovators Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make qualified founders and full-time employees of small business start-ups eligible for deferring for up to three years their loans under the federal Direct Loan program. If the start-up is located in an economically distressed area, qualified founders and employees are also eligible for loan cancellation of up to $20,000 under that program.
Sponsored by: Sen. Margaret Hassan
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. (sponsor Introductory Remarks On Measure: Cr S2367) on 04/05/2017
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To amend the Small Business Act to provide the Administrator of the Small Business Administration authority to increase amount for general business loans, and for other purposes. [HB-1915]
[Small Business ]
[Finance ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
To amend the Small Business Act to provide the Administrator of the Small Business Administration authority to increase amount for general business loans, and for other purposes. This bill amends the Small Business Act to provide that if the amount of Small Business Administration (SBA) commitments for authorized general business loans for a fiscal year exceeds the limit on the total amount of commitments the SBA may make for such loans under such Act, the SBA may make such commitments for such loans for such fiscal year in a total amount equal
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Sponsored by: Rep. Judy Chu
Introduced In House on 04/05/2017
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Paycheck Fairness Act [HB-1869]
[Labor, Jobs, Employment ]
[Race and Civil Rights ]
[Human Rights ]
[Human Services ]
[Small Business ]
Paycheck Fairness Act This bill amends equal pay provisions of the Fair Labor Standards Act of 1938 to: (1) restrict the use of the bona fide factor defense to wage discrimination claims, (2) enhance nonretaliation prohibitions, (3) make it unlawful to require an employee to sign a contract or waiver prohibiting the employee from disclosing information about the employee's wages, and (4) increase civil penalties for violations of equal pay provisions. The Equal Employment Opportunity Commission (EEOC) and the Office of Federal Contract Compliance
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Sponsored by: Rep. Sean Maloney
Introduced In House on 04/04/2017
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Honoring Hometown Heroes Act [HB-1892]
[Defense ]
[Environmental ]
[Finance ]
[Agriculture ]
[Infrastructure ]
[Public Lands and National Parks ]
[Taxes ]
[Trade ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Small Business ]
[Insurance ]
[Disaster Relief ]
[Economic Development ]
[Energy ]
[Food ]
[Healthcare ]
[Housing ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Military ]
[Public Health ]
[Education ]
[Veterans ]
[Children and Youth ]
[Family-Related Legislation ]
[Human Services ]
[Pensions ]
[Senior Citizens ]
[Unemployment ]
Honoring Hometown Heroes Act DIVISION A--HONORING HOMETOWN HEROES ACT Honoring Hometown Heroes Act (Sec. 10102) This division authorizes the governor of a state, territory, or possession of the United States or the Mayor of the District of Columbia to proclaim that the U.S. flag shall be flown at half-staff in the event of the death of a first responder (public safety officer) working in such jurisdiction who dies while serving in the line of duty. DIVISION B--SUPPLEMENTAL APPROPRIATIONS, TAX RELIEF, AND MEDICAID CHANGES RELATING TO CERTAIN DISASTERS
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Sponsored by: Rep. Ted Poe
Became Public Law No: 115-123. (txt | Pdf) on 02/09/2018