Support Small Business R & D Act of 2020

Senate Bill 3291 - Support Small Business R & D Act of 2020: Overview, Status, and Impact

Hozzl · 2022-03-02T16:13:00Z

Explore the details of Senate Bill 3291 Support Small Business R & D Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

3/2/2022, 4:13 PM

Congressional Summary of S 3291

Support Small Business R & D Act of 2020

This bill requires the Small Business Administration (SBA) to provide resources to small businesses relating to available federal income tax credits.

Specifically, the bill requires the SBA, in consultation with the Internal Revenue Service, to provide and make available, both in-person and online, training and information about federal income tax credits that benefit small businesses and startups. This training and information shall have a particular focus on credits for research and experimentation.

In addition, the bill requires small business development centers to provide such training and information as part of the services they render to small businesses and startups.

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Current Status of Bill S 3291

Bill S 3291 is currently in the status of Bill Introduced since February 13, 2020. Bill S 3291 was introduced during Congress 116 and was introduced to the Senate on February 13, 2020. Bill S 3291's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of February 13, 2020

Bipartisan Support of Bill S 3291

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3291

Primary Policy Focus

Commerce

Potential Impact Areas

- Business education

- Congressional oversight

- Government information and archives

- Income tax credits

- Research and development

- Small business

- Veterans' education, employment, rehabilitation

- Women in business

Alternate Title(s) of Bill S 3291

Support Small Business R & D Act of 2020

A bill to amend the Small Business Act to expand tax credit education and training for small businesses that engage in research and development, and for other purposes.