3.0.0 1965 2022-02-03T05:54:14Z 2022-02-08T17:27:15Z Senate S S 2011-12-08 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2012-03-06T15:04:37Z ssfi00 Finance Committee Senate Standing Referred to 2011-12-08T20:41:40Z To amend the Internal Revenue Code of 1986 to extend permanently the 100 percent exclusion of gain from the sale or exchange of qualified small business stock. 112 4139 HR 2012-03-05 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to make permanent the full exclusion applicable to qualified small business stock. 112 4226 HR 2012-03-20 Referred to the House Committee on Ways and Means. Related bill CRS 2012-03-06 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. Committee 2011-12-08 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-12-08 Introduced in Senate IntroReferral 10000 9 Library of Congress M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS N W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2011-12-08 True B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2012-03-06 False Commerce Accounting and auditing Administrative law and regulatory procedures Advisory bodies Business investment and capital Capital gains tax Census and government statistics Congressional oversight Corporate finance and management Economic performance and conditions Education programs funding Financial services and investments Foreign labor Government information and archives Higher education Immigration status and procedures Income tax credits Income tax exclusion Income tax rates Research administration and funding Research and development Science and engineering education Securities Small business State and local government operations Teaching, teachers, curricula Technology transfer and commercialization Visas and passports Commerce 00 2011-12-08 Introduced in Senate 2011-12-14T17:03:15Z Startup Act of 2011 - Requires the head of any federal or independent regulatory agency, before issuing a notice of rulemaking in connection with the issuance of a proposed major rule, to complete a review that, among other things, analyzes the problem that the rule intends to address, and identifies and analyzes the rule's expected impact on state, local, and tribal governments, as well as on the ability of new businesses to form and expand. Requires a rule cost-benefit analysis.

Amends the Internal Revenue Code to: (1) provide a permanent full tax exclusion on gain from the sale or exchange of qualified small business stock held for more than five years, (2) repeal the minimum tax preference and the 28% capital gains rate on such stock, and (3) provide a limited tax credit for certain startup small businesses.

Directs the Comptroller General to assess the costs and benefits to prospective investors, shareholders, and securities markets of allowing smaller stock issuers to opt out of company regulatory requirements of the Sarbanes-Oxley Act of 2002.

Directs the Secretary of Commerce to use certain federal agency extramural budget funds to award grants to institutions of higher education for initiatives to improve the commercialization and expedited transfer of university-based research and resultant technology. Establishes the Committee on Research Commercialization Improvement.

Amends the Immigration and Nationality Act to authorize the Secretary of Homeland Security to: (1) adjust to conditional permanent resident the status of up to 50,000 aliens who have earned a master's or doctorate degree in a science, technology, engineering, or mathematics field (STEM); and (2) issue a conditional immigrant visa to up to 75,000 qualified alien entrepreneurs.

Directs the Secretary of Commerce to regularly compile: (1) information from each of the states and the District of Columbia on laws that affect the formation and growth of new businesses, and (2) quantitative and qualitative information on U.S. businesses that are not more than one year old. Requires related reports.

]]> Startup Act of 2011 Short Titles as Introduced Startup Act of 2011 Official Title as Introduced A bill to jump-start economic recovery through the formation and growth of new businesses, and for other purposes. Display Title Startup Act of 2011 Introduced in Senate 2011-12-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1965is/xml/BILLS-112s1965is.xml 2012-03-06 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. 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.