3.0.0 2967 2023-01-11T13:16:40Z 2023-01-11T13:16:40Z Senate S S 2010-01-28 111 ssfi00 Finance Committee Senate Standing Referred to 2010-01-28T22:47:39Z 2010-01-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-01-28 Sponsor introductory remarks on measure. (CR S346-347) IntroReferral B00100 9 Library of Congress 2010-01-28 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N Commerce Business investment and capital Department of Health and Human Services Employee benefits and pensions Federal officials Financial crises and stabilization Government lending and loan guarantees Health care costs and insurance Health programs administration and funding Income tax credits Income tax rates Medical research Minority and disadvantaged businesses National Institutes of Health (NIH) Research administration and funding Research and development Small Business Administration Small business Veterans' education, employment, rehabilitation Wages and earnings Women in business Commerce 00 2010-01-28 Introduced in Senate 2010-02-20T17:27:43Z Boosting Entrepreneurship and New Jobs Act - Amends the Internal Revenue Code to: (1) allow certain small businesses a refundable tax credit for 15% of the first-year wages paid to new employees and a business-related tax credit for employee health insurance expenses; and (2) impose an additional tax on individuals with modified adjusted gross incomes exceeding $500,000 ($1 million for married couples filing a joint tax return) sufficient to render the provisions of this Act budget neutral.

Directs the Administrator of the Small Business Administration (SBA) and the Secretary of the Treasury to jointly establish a loan program for small business concerns (i.e., businesses with fewer than 25 employees).

Amends the Small Business Act to expand: (1) the authority of the Administrator to guarantee small business loans; and (2) the microloan program for women, low-income individuals, veterans, and minority entrepreneurs.

Amends the American Recovery and Reinvestment Act of 2009 to obligate to be expended by September 30, 2010, certain funds for research and development by the National Institutes of Health (NIH).

Amends the Small Business Investment Act of 1958 to increase the maximum loan amounts available to small businesses for plant acquisition, construction, conversion, and expansion.

Expresses the sense of Congress that: (1) the President should designate the SBA Administrator as a member of the Cabinet; and (2) financial institutions that have received financial assistance from the federal government should provide needed capital and loans to small business concerns.

]]> Boosting Entrepreneurship and New Jobs Act Display Title Boosting Entrepreneurship and New Jobs Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a refundable credit for small business job growth, and for other purposes. Introduced in Senate IS Short Titles as Introduced Boosting Entrepreneurship and New Jobs Act Introduced in Senate 2010-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2967is/xml/BILLS-111s2967is.xml 2010-01-28 Read twice and referred to the Committee on Finance. text/xml EN 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. Congressional Research Service, Library of Congress 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.