Changes

==Innovation Promotion Act==The "Innovation Promotion Act of 2015" was released as a discussion draft Information on July 31, 2015. The act promotes a reduction of taxes to 10% for income from intellectual property. It also proposes qualifying tax distributions of qualifying intellectual property from a controlled foreign corporation Bills Proposed to the US parent company. This act is indicative of the United States' effort to attract and foster more innovation and research. Congress==

==Feedback {{:The Bill Process}}For more information on the Innovation Promotion Act==*United States Bill process please refer to: [[Feedback on the Innovation Promotion ActThe Bill Process]]

== Acts reported on by the Senate Committee on Small Business and Entrepreneurship ==The following pieces {{:Summary of legislation in 2015 were found from http://www.GovTrack.us:Policies}}

'''Current US Entrepreneurship Policy''' *S. 1001: The Veterans Entrepreneurial Transition Act of 2015 ** Amends the Small Business Act to direct the Senate Committee on Small Business Administration (federal agency that provides support to entrepreneurs and small businesses), or SBA, to carry out a pilot program to assess the feasibility and advisability of making grants to eligible veterans to start or acquire a qualifying business enterpriseEntrepreneurship* S. 2116: Small Business Broadband and Emerging Information Technology Enhancement Act of 2015**Improves certain programs Most of the Small Business Administration to better assist small business customers in accessing broadband technology*bills reported/introduced by the U.S. 552: Small Business Investment Capital Company Act of 2015**Amends the Small Business Investment Act of 1958 Congress pertaining to increase the maximum amount of outstanding leverage provided innovation and entrepreneurship are reported on by the Senate Committee on Small Business Administration to two or more commonly controlled small business investment companies not under capital impairment from $225 million to $350 million*and Entrepreneurship. The U.S. 996: Commercial Real Estate Senate Committee on Small Business and Economic Development Act Entrepreneurship is a standing committee of 2015 **Reinstates the authority for United States Senate. The committee has jurisdiction over the [https://en.wikipedia.org/wiki/Small_Business_Administration Small Business Administration low-interest refinancing ] and is also charged with researching and investigating all problems of American small business debt not involving business expansion under the SBA's local development business loan program**Effective: on and after enactment enterprises. The current Chairman of this Act, and during any fiscal year in which the federal government's cost in making loan guarantees under such program Committee is zeroU. **Repeals a provision of S. Senator David Vitter. Other information on the Committee on Small Business Jobs Act of 2010 that terminated such authority as and Entrepreneurship, including Committee members and recent pieces of September 27legislation, 2012can be found on their [http://www.sbc.senate.gov/public/index.cfm?p=Home.website]*S. 1470: Recovery Improvements for Small Entities After Disaster Act of 2015**Amends Acts Reported on by the Senate Committee on Small Business Act to provide additional assistance to small business concerns for disaster recovery, and for other purposes.Entrepreneurship*S. 1292{{: HUBZone Revitalization Act of 2015**Amends Acts Reported on by the Senate Committee on Small Business Act to treat certain qualified disaster areas as HUBZones and to extend the period for HUBZone treatment for certain base closure areas, and for other purposes.Entrepreneurship}}*S.999: Small Business Development Centers Improvement Act of 2015**Amends the Small Business Act with respect to the authority of [[Acts Reported on by the Senate Committee on Small Business Administration to use certain SBA programs, including the small business development center (SBDC) program, to provide grants, financial assistance, loans, export assistance, and subcontracting opportunities on federal contracts to specified small businesses, organizations, state governments, universities, companies, and other entities that assist smaller enterprises.Entrepreneurship]] '''Current US Innovation Policy'''**Declares that the SBA shall only use such programs to deliver entrepreneurial development services, entrepreneurial education, support for the development and maintenance of clusters, or business training.*S. 1758[[: Small Business Energy Efficiency Innovation Promotion Act|Innovation Promotion Act of 2015]]**Amends the Small Business Investment The "Innovation Promotion Act of 1958 to allow 2015" was released as a discussion draft on July 31, 2015. The act promotes a state development company to use the economic development objective reduction of helping small businesses achieve savings through energy efficiency taxes to qualify 10% for loan assistanceincome from intellectual property.*S.Res. 252: An original resolution expressing the sense of the Committee on Small Business and Entrepreneurship of the Senate relating to easing the burden of Federal It also proposes qualifying tax compliance on small businesses**Amends provisions distributions of the Internal Revenue Code relating qualifying intellectual property from a controlled foreign corporation to the taxation of small business entitiesUS parent company.*S. 2126: Women’s Small Business Ownership Act This act is indicative of 2015**Amends the Small Business Act to direct the Small Business Administration Office of WomenUnited States's Business Ownership effort to address issues concerning specified disciplines required for starting, operating, attract and foster more innovation and increasing a small business.*Sresearch. 957There has also been extensive [[: Veterans Entrepreneurship Feedback on the Innovation Promotion Act**Increases access to capital for veteran entrepreneurs to help create jobs*S| feedback]] on the innovation promotion act. 2136: Improving Small Business Innovative Research and Technologies Act of 2015**Establishes the Regional SBIR State Collaborative Initiative Pilot Program