3.0.0 30 2022-11-15T16:34:10Z 2022-11-15T16:34:10Z House H HR 2013-01-03 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 30.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .Article I, Section 8, Clause 3The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H34]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-01-03T16:04:25Z hssm00 Small Business Committee House Standing Referred to 2013-01-03T16:04:20Z Small Business Innovation Act of 2013 113 1285 S 2013-07-11 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS 2013-01-03 Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-01-03 Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2013-01-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-01-03 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 N W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2013-09-11 False Commerce Agricultural practices and innovations Alternative and renewable resources Business investment and capital Computers and information technology Corporate finance and management Digital media Environmental technology Financial services and investments Government trust funds Health technology, devices, supplies Income tax credits Manufacturing Military procurement, research, weapons development Public-private cooperation Securities Small business Commerce 00 2013-01-03 Introduced in House 2013-02-12T16:15:01Z Small Business Investment Enhancement and Tax Relief Act - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to establish and carry out an early-stage investment program (program) to provide, through participating investment companies, equity financing to support early-stage businesses (gross annual sales of $15 million or less in any of the previous three years). Outlines investment company application requirements and selection procedures. Allows the Administrator to make one or more equity financings to a participating company, with a limit of $100 million to any one company. Requires the company to make all of their investments in small businesses, of which at least 50% shall be early-stage small businesses. Establishes in the Treasury a separate fund for equity financings under the program.

Amends the Internal Revenue Code to provide a small business investment tax credit of 20% of the amount paid or incurred for small business investments. Directs the Secretary of the Treasury to conduct a study of the effectiveness of the tax credit in providing incentives for investment in small businesses.

]]> Small Business Investment Enhancement and Tax Relief Act Display Title Small Business Investment Enhancement and Tax Relief Act Short Titles as Introduced Small Business Investment Enhancement and Tax Relief Act Official Title as Introduced To amend the Small Business Investment Act of 1958, to provide for a small business early-stage investment program, and for other purposes. Introduced in House 2013-01-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr30ih/xml/BILLS-113hr30ih.xml 2013-01-03 Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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/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.