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Small Business Investment Act of 2023
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.
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
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
Bipartisan Support of Bill HR 2767
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2767
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 2767
Small Business Investment Act of 2023
Small Business Investment Act of 2023
To amend the Internal Revenue Code of 1986 to modify the exclusion for gain from qualified small business stock.
Comments
Sponsors and Cosponsors of HR 2767
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