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    <updateDate>2023-01-15T23:18:06Z</updateDate>
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    <originChamber>House</originChamber>
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    <introducedDate>2003-04-09</introducedDate>
    <congress>108</congress>
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        <name>Education and the Workforce Committee</name>
        <chamber>House</chamber>
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                <name>Referred to</name>
                <date>2003-07-21T13:18:25Z</date>
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        <chamber>House</chamber>
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            <name>Forestry Subcommittee</name>
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              <item>
                <name>Referred to</name>
                <date>2003-04-24T16:46:43Z</date>
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        <chamber>House</chamber>
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          <item>
            <name>Referred to</name>
            <date>2003-04-09T13:53:00Z</date>
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      <item>
        <title>New Homestead Act of 2003</title>
        <congress>108</congress>
        <number>2194</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2003-06-20</actionDate>
          <text>Referred to the Subcommittee on 21st Century Competitiveness.</text>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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      <item>
        <title>New Homestead Act of 2003</title>
        <congress>108</congress>
        <number>602</number>
        <type>S</type>
        <latestAction>
          <actionDate>2003-03-13</actionDate>
          <text>Sponsor introductory remarks on measure. (CR S3664)</text>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2003-07-21</actionDate>
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            <systemCode>hsed13</systemCode>
            <name>Higher Education and Workforce Development Subcomittee</name>
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        <text>Referred to the Subcommittee on 21st Century Competitiveness.</text>
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      <item>
        <actionDate>2003-04-24</actionDate>
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            <name>Forestry Subcommittee</name>
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        <text>Referred to the Subcommittee on Conservation, Credit, Rural Development and Research.</text>
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      <item>
        <actionDate>2003-04-09</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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            <name>Agriculture Committee</name>
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      <item>
        <actionDate>2003-04-09</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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            <name>Education and the Workforce Committee</name>
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        <actionDate>2003-04-09</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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          <name>Library of Congress</name>
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        <actionDate>2003-04-09</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <bioguideId>C001044</bioguideId>
        <fullName>Rep. Carson, Brad [D-OK-2]</fullName>
        <firstName>BRAD</firstName>
        <lastName>CARSON</lastName>
        <party>D</party>
        <state>OK</state>
        <district>2</district>
        <isByRequest>N</isByRequest>
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    <policyArea>
      <name>Housing and Community Development</name>
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          <name>Agricultural cooperatives</name>
        </item>
        <item>
          <name>Agricultural credit</name>
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        <item>
          <name>Agriculture and Food</name>
        </item>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Capital investments</name>
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        <item>
          <name>Catastrophic health insurance</name>
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        <item>
          <name>College costs</name>
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          <name>Commerce</name>
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          <name>Construction costs</name>
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        <item>
          <name>Consumer cooperatives</name>
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        <item>
          <name>Cost of living adjustments</name>
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        <item>
          <name>County politics and government</name>
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        <item>
          <name>Depreciation and amortization</name>
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        <item>
          <name>Earned income tax credit</name>
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          <name>Economics and Public Finance</name>
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          <name>Education</name>
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          <name>Electrification</name>
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        <item>
          <name>Energy</name>
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        <item>
          <name>Entrepreneurs</name>
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        <item>
          <name>Excise tax</name>
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        <item>
          <name>Federal aid to education</name>
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        <item>
          <name>Federally-guaranteed loans</name>
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          <name>Finance and Financial Sector</name>
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        <item>
          <name>Government Operations and Politics</name>
        </item>
        <item>
          <name>Government paperwork</name>
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        <item>
          <name>Health</name>
        </item>
        <item>
          <name>Higher education</name>
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        <item>
          <name>Home ownership</name>
        </item>
        <item>
          <name>Housing finance</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Indexing (Economic policy)</name>
        </item>
        <item>
          <name>Infrastructure</name>
        </item>
        <item>
          <name>Infrastructure (Economics)</name>
        </item>
        <item>
          <name>Internal migration</name>
        </item>
        <item>
          <name>Investment tax credit</name>
        </item>
        <item>
          <name>Job creation</name>
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        <item>
          <name>Labor and Employment</name>
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        <item>
          <name>Law</name>
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        <item>
          <name>Medical economics</name>
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        <item>
          <name>Minimum tax</name>
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          <name>Nonprofit organizations</name>
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        <item>
          <name>Residence requirements</name>
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          <name>Rural economic development</name>
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          <name>Rural education</name>
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          <name>Rural housing</name>
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          <name>Savings accounts</name>
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        <item>
          <name>Savings and loan associations</name>
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        <item>
          <name>Scholarships</name>
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        <item>
          <name>Securities</name>
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        <item>
          <name>Small towns</name>
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        <item>
          <name>Social Welfare</name>
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        <item>
          <name>Student loan funds</name>
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        <item>
          <name>Tax credits</name>
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        <item>
          <name>Tax deductions</name>
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        <item>
          <name>Tax exclusion</name>
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        <item>
          <name>Tax exemption</name>
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        <item>
          <name>Tax penalties</name>
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          <name>Tax returns</name>
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          <name>Tax-exempt organizations</name>
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          <name>Trusts and trustees</name>
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        <item>
          <name>Urban affairs</name>
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          <name>Venture capital</name>
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          <name>Vocational and technical education</name>
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        <name>Housing and Community Development</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-04-09</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[New Homestead Economic Opportunity Act - Directs the Secretary of Education to assume the obligation to repay specified portions of certain federally guaranteed education loans of borrowers who complete a degree and reside and are employed in a qualifying rural county.<p>Amends the Internal Revenue Code to allow a specified tax credit to an individual who purchases a qualified residence in a qualifying rural county.<p>Allows a capital loss deduction with respect to the sale or exchange of a principal residence in certain rural areas.<p>Provides for establishment of tax-exempt individual homestead accounts to which a qualified individual residing in a qualifying rural county may make cash contributions, matched annually to a specified extent by the Secretary of the Treasury, for use exclusively to pay qualified individual homestead expenses.<p>Allows a rural investment tax credit for an applicable percentage of the eligible basis of a qualified rural investment building. Provides for accelerated depreciation for specified rural investment property.<p>New Homestead Venture Capital Fund Act - Amends the Consolidated Farm and Rural Development Act to add a New Homestead Venture Capital Fund Act allowing private investors to establish a non-Federal New Homestead Venture Capital Fund to make needed investments in qualifying rural counties to reverse the impact of chronic outmigration and help such counties rebuild and grow.]]></text>
      </summary>
    </summaries>
    <title>New Homestead Economic Opportunity Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>New Homestead Economic Opportunity Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To reward the hard work and risk of individuals who choose to live in and help preserve America's small, rural towns, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced for portions of this bill</titleType>
        <title>New Homestead Venture Capital Fund Act</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>New Homestead Economic Opportunity Act</title>
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        <type>Introduced in House</type>
        <date>2003-04-09T04:00:00Z</date>
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    <latestAction>
      <actionDate>2003-07-21</actionDate>
      <text>Referred to the Subcommittee on 21st Century Competitiveness.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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