3.0.0 3103 2023-01-11T13:16:13Z 2023-01-11T13:16:13Z Senate S S 2010-03-10 111 ssfi00 Finance Committee Senate Standing Referred to 2010-03-11T00:07:24Z Small Business Export Enhancement and International Trade Act of 2009 111 2862 S 2010-09-29 Placed on Senate Legislative Calendar under General Orders. Calendar No. 633. Related bill CRS Small Business Job Creation and Access to Capital Act of 2009 111 2869 S 2010-09-29 Placed on Senate Legislative Calendar under General Orders. Calendar No. 634. Related bill CRS Job Impact Analysis Act of 2010 111 3024 S 2010-02-23 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text of measure as introduced: CR S706-707) Related bill CRS 2010-03-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-03-10 Sponsor introductory remarks on measure. (CR S1364-1367) IntroReferral B00100 9 Library of Congress 2010-03-10 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N H.R.5297 https://www.congress.gov/bill/111th-congress/house-bill/5297 Commerce Administrative law and regulatory procedures Budget process Business investment and capital Capital gains tax Competitiveness, trade promotion, trade deficits Congressional oversight Credit and credit markets Executive agency funding and structure Government information and archives Government lending and loan guarantees Government studies and investigations Income tax deductions Income tax exclusion Income tax rates Minority and disadvantaged businesses Performance measurement Rural conditions and development Securities Small Business Administration Small business State and local government operations Unemployment Women in business Commerce 00 2010-03-10 Introduced in Senate 2010-04-23T15:23:02Z Small Business Job Creation Act of 2010 - Amends the Internal Revenue Code to: (1) extend an increase in expensing of certain depreciable business assets; and (2) provide an increased exclusion from realized gain for certain small business stock. Repeals: (1) the minimum tax preference for gains on the sale of certain small business stock; and (2) the 28% capital gains rate on qualified small business stocks. Increases the aggregate asset limitation for qualified small businesses.

Small Business Job Creation and Access to Capital Act of 2010 - Amends the Small Business Act to increase maximum amounts of loans under the following Small Business Administration (SBA) loan programs: (1) the section 7(a) (general small business loans) guaranteed loan program; (2) the section 504 (state and local development company) program; and (3) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program.

Amends the Small Business Investment Act of 1958 to apply single-business investment limits to SBA-recognized new markets venture capital companies.

Directs the SBA Administrator to establish for prospective borrowers an alternative small business size standard that uses maximum tangible net worth and average net income as an alternative to the use of industry standards.

Expresses the sense of Congress that the Administrator should establish a website that lists SBA lenders and provides loan rate information, and allows prospective borrowers to compare rates on SBA-guaranteed loans.

Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower to refinance a qualifying previous business debt or the financing of certain business expenses. Allows the Administrator to provide additional financing under such program for a borrower that meets certain job creation or retention goals. Provides an alternate job retention goal for which a borrower may qualify.

Small Business Export Enhancement and International Trade Act of 2010 - Revises provisions concerning the establishment within the SBA of the Office of International Trade (Office) to, among other things: (1) make the Associate Administrator for International Trade the head of the Office; (2) require the Associate Administrator to carry out all SBA responsibilities regarding international trade; and (3) revise Associate Administrator duties with respect to maintaining a trade distribution network, promoting export sales opportunities and establishing export goals, and disseminating export information and assistance to small businesses.

Directs the Administrator to: (1) establish an export and trade counseling certification program to certify employees providing export assistance to small businesses; and (2) develop performance measures to support small business export goals; and (3) carry out a program for the resolution of trade disputes or unfair international trade practices. Provides for the establishment of export finance specialists within export assistance centers. Increases loan limits and participation levels under international trade finance and export programs. Directs the Associate Administrator to establish the State Trade and Export Promotion Grant Program. Requires a report from the Administrator to the congressional small business committees on small business rural export promotion.

Job Impact Analysis Act of 2010 - Amends the Congressional Budget and Impoundment Control Act of 1974 to require the Director of the Congressional Budget Office (CBO), for each bill or joint resolution of a public character, to prepare and submit to the committee a statement containing specified information regarding potential job creation or job loss as a result of mandates in the bill or resolution.

Amends the Regulatory Flexibility Act to require: (1) each initial regulatory flexibility analysis to estimate the economic impact of the proposed rule on small businesses; (2) an agency to notify the SBA Chief Counsel for Advocacy of any draft rules that may have a significant economic impact on a substantial number of small businesses; (3) each final regulatory flexibility analysis to include the agency's response to any comments filed by the Chief Counsel in response to the proposed rule; and (4) the agency to publish the final regulatory flexibility analysis on its website.

Requires each agency to place on its website its plan for the periodic review of rules. Directs the agency, in reviewing the rules, to consider specified factors, including the continued need for the rule, the nature of complaints received, and the rule's complexity and current impact.

Requires: (1) the SBA's Office of Advocacy to carry out responsibilities concerning the analysis of regulatory functions; (2) each federal budget to include a separate statement of amounts requested for the Office; and (3) the SBA Administrator to provide the Office with appropriate and adequate office space, budget, equipment, and services.

Appropriates funds for SBA small business development centers through 2011. Authorizes the Administrator to waive through 2011 the requirement that women's business centers obtain non-federal funds for technical assistance and counseling activities.

]]> Small Business Job Creation Act of 2010 Display Title Small Business Job Creation Act of 2010 Official Title as Introduced A bill to help small businesses create new jobs and drive our Nation's economic recovery. Introduced in Senate IS Short Titles as Introduced Small Business Job Creation Act of 2010 Short Titles as Introduced for portions of this bill Small Business Export Enhancement and International Trade Act of 2010 Short Titles as Introduced for portions of this bill Job Impact Analysis Act of 2010 Short Titles as Introduced for portions of this bill Small Business Job Creation and Access to Capital Act of 2010 Introduced in Senate 2010-03-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3103is/xml/BILLS-111s3103is.xml 2010-03-10 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.