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Acts Reported on by the Senate Committee on Small Business and Entrepreneurship (view source)
Revision as of 15:40, 20 January 2016
, 15:40, 20 January 2016→Overview of the Pieces of Legislation in 2015
Dates of introduction, sponsors, cosponsors, status quo, texts/summaries, a prognosis of the chance of being enacted, and other details, such as related bills, of the above bills can all be found using http://www.GovTrack.us.
==Policy Implications==
{| {{table}}
| align="center" style="background:#f0f0f0;"|'''Bill Number'''
| align="center" style="background:#f0f0f0;"|'''Title'''
| align="center" style="background:#f0f0f0;"|'''Prognosis'''
| align="center" style="background:#f0f0f0;"|'''Implications'''
|-
| S. 957 / H.R. 2499||Veterans Entrepreneurship Act||100%||Is an innitiative created to direct the Administrator of the SBA to report on: 1) assement of the current environment's ability to offer financial and psychological assistance to small business owners prior to their deployment 2) review the level of outreach to female veterans offered by the women's business center and veterans business center 3) continuned development of the Military Reservists Economic Injury Disaster loan progam
|-
| H.R. 2262||U.S. Commercial Space Launch Competitiveness Act||100%||
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| H. R. 208||Superstorm Sandy Relief and Disaster Loan Program Improvement Act of 2015||100%||Is an innitiative to provide small businesses affected by the Superstorm sandy disaster an opportunity to apply for a loan from the SBA to repair and rehabilitate or replace property damaged, it's principal objective is to help jumpstart small business affected by the storm and to ensure that they have the necessary financing to prevent subsequent diaster from destruction
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| 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 tax compliance on small businesses||93%||This resolution amends IRS guidelines on the taxation of small companies
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| H. R. 9||Innovation Act||36%||
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| H. R. 2670||Microloan Modernization Act of 2015||34%||The bill was created in hopes of encouraging microloan intermediaries to use a portion of SBA funds to assist their propsective/current borrowers with information gather and technological assistance
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| S.1870||A bill to amend the Small Business Act to require the Administrator of the Small Business Administration to carry out a pilot program on issuing grants to eligible veterans to start or acquire qualifying businesses, and for other purposes.||27%||Veterans Entrepreneurial Transition Act of 2015 or the VET Act of 2015 This bill amends the Small Business Act to direct the Small Business Administration 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 enterprise.
|-
| S.1001||Small Business Lending Reauthorization Act 2015||25%||The authorized budget for 2016 was increased by 3B for the administrator to make/grant loans to small businesses
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| S. 1400 / H.R. 2221||Veterans Small Business Enhancement Act of 2015||24%||Directs trhe SBA to manage and be responsible for the allocation of US owned surplus property to small businesses controlled by vets, essentially directing a fair allocation of excess property to veterans
|-
| S. 2116||Small Business Broadband and Emerging Information Technology Enhancement Act of 2015||23%||In order to better assist small businesses this act proposes improvements to certain programs within the SBA in order to be up to speed on the current technologies to support small business owers ; broadband has the potential to streamline government processes, change how people collaborate and use educational resources abd bring communities together and make improvements in public safety
|-
| S. 552 / H.R. 1023||Small Business Investment Capital Company Act of 2015||22%||Increaseds the amount of leverage that can be made available by the SBA towards two or more commmonly controlled SB investment companies
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| S. 1470||Recovery Improvements for Small Entities After Disaster Act of 2015||21%||
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| S. 1292||HUBZone Revitalization Act of 2015||21%||
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| S. 2138||Small Business Subcontracting Transparency Act of 2015||21%||
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| S.958||Small Business Fairness Act||21%||Small businesses can bid on federal contracts that require JVs and the collaboration of multiple small businesses, contracts may be awarded to a small team of business providing that they have the expertise to complete the necessary work stipulated in the contractual terms
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| S. 1756||Small Business Energy Efficiency Act of 2015||18%||
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| S. 2126||Women’s Small Business Ownership Act of 2015||17%||Re-authorizing the women's business center of the SBA and allocating around ~20M in funds. The act serves as a directive for the women's business center program to collaborate with SBA officials to ensure that women entrepreneurs are supported with access to capital, market insights, job creation opportunities, growth strategies, counseling and general training
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| S. 2136||Improving Small Business Innovative Research and Technologies Act of 2015||15%||The bill amends the small business act and requires that each associated federal agency conduct a small business innovation research program and use <=3% of alocated funds for the administration of its SBIR tech transfer, the initiative is designed to increase technology transfer and commercialization in the STTR program within the SBA
|-
| S. 1000||SCORE for Small Business Act of 2015||15%||Improve the score program within the SBA, a program that provides no cost assistance to individuals who own or aspire to own a small business. The act discussess specific improvements to rural, economically and traditionally underserved communities
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| H. R. 1806||America COMPETES Reauthorization Act of 2015||11%||
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| S.999 / H.R. 207||Small Business Development Centers Improvement Act of 2015||9%||Amends the SBA act to allow the SBA to use certain internal programs to provide grants, financing, export assistance and contracting opportunities to specified small businesses, the programs are designed to deliver better entrepreneurial development services, entrepreneurial education and support the development of general business training
|-
| S.1546||Ensuring Small Businesses Can Export Act 2015||9%||Should the authority appointed by the Export-Import bank of the US lapse then the SBA should act to take its place. The bill also recommends that the SBA establish a program to provide insurance for exports of small businesses
|-
| S. 1866||Veterans Small Business Ownership Improvements Act of 2015||6%||Amends the small business act to require that it shall provide training to members of the armed forces, individuals who served on active duty and their spouses or dependents. Special programs specifically target at women and disabled populations should also be covered under the act. A veteran's business development center shall also be created to further assist financially and academically the veteran entrepreneur
|-
| H. R. 3987||Jobs in America Act||3%||Amends the immigration and nationality act to establish an employment based, conditional visa for a sponsored alien entrepreneur providing the entrepreneur has 1) gained necessary financial backing from a VC 2)commercial activities will generate required levels of employment, revenue and capital investment
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| H. R. 3997||To amend MAP-21 to establish a veterans business enterprises program, and for other purposes||3%||
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| S. 2273||STARTUP Vets Act of 2015||2%||Requires the SBA to make 2 year renewable grants to ceate and operate incubators and accelerators that provide technological assistance and training to qualified individuals
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| H. R. 2868||Small Business Health Fairness Act of 2015||2%||
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| H. R. 2060||United States-Mexico Economic Partnership Act||2%||
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| S.963||Small Business Innovation Impact Act||2%||Requires the chief counsel for advoacy of the SBA to submit an analysis to specified congressional committes on investment, inventions, patents and university technology transfers to/of small businesses
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| S. 996 / H.R.2266||Commercial Real Estate and Economic Development Act of 2015||1%||
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| H. R. 962||Startup Act||1%||Amends the immigration and nationality act to authorize homeland to adjust the permanent resident status of up to 50k aliens who have earned their masters or doctorate degree in a STEM related field if the alien is searching for work in a STEm field the visa is granted for an additional year, if the alien remains actively engaged in a stem field the visa is continued indefinitely, there are also various tax benefits afforded to certain startup businesses that meet a particular set of criterion
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| H. R. 253|| Incentivize Growth Now In Tomorrow’s Entrepreneurs Act of 2015||1%||Creates tax exempt small business start-up accounts to pay for start-up expenses for a business that does not employ more than 50 employees
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| H. RES. 511||Expressing support for designation of the third Tuesday in November as “National Entrepreneurs’ Day”||0%||
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| H.R. 616||American Entrepreneurship and Investment Act of 2015||0%||
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| H. R. 2310||Helping Our Middle-Class Entrepreneurs Act||0%||Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. Provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2015.
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| H. R. 3370||EB-JOBS Act of 2015||0%||Bill amends the Immigration and Nationality act to give conditional permant residency visas to VC backed self-sponsered start up entrepreneurs providing that they have maintained alien status for at least 10 years and created full time for at least 5 US workers
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