Small Business Investment Act of 2023

Hozzl · 2023-12-15T15:57:15Z

Explore the details of House Bill 2767 Small Business Investment Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 3:57 PM

Summary of Bill HR 2767

Bill 118 hr 2767, also known as the Small Business Investment Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide support and resources to small businesses in order to help them grow and thrive in the current economic climate.

One key provision of the bill is the establishment of a new Small Business Investment Fund, which will provide low-interest loans and grants to small businesses in need of financial assistance. This fund aims to help small businesses access the capital they need to expand their operations, create jobs, and contribute to the overall economic growth of the country.

Additionally, the bill includes measures to streamline the process for small businesses to apply for and receive government contracts. This will make it easier for small businesses to compete for government contracts and access new opportunities for growth and development. Overall, the Small Business Investment Act of 2023 is designed to support and empower small businesses across the country, helping them to succeed and thrive in today's competitive business environment. By providing access to capital, resources, and opportunities, this bill aims to strengthen the small business sector and drive economic growth and prosperity for all Americans.

Congressional Summary of HR 2767

Small Business Investment Act of 2023

This bill increases the exclusion of gain from the disposition of qualified small business stock held for five years or more. The increase also applies to convertible debt instruments (debt instruments that can be converted into stock).

The bill also eliminates the requirement that qualified small business stock be issued solely by a C corporation.

Read the Full Bill

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Current Status of Bill HR 2767

Bill HR 2767 is currently in the status of Bill Introduced since April 20, 2023. Bill HR 2767 was introduced during Congress 118 and was introduced to the House on April 20, 2023. Bill HR 2767's most recent activity was Referred to the House Committee on Ways and Means. as of April 20, 2023