3.0.0 971 2023-01-11T13:46:48Z 2023-01-11T13:46:48Z House HR 2021-02-11 117 [Congressional Record Volume 167, Number 26 (Thursday, February 11, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BUSTOS:H.R. 971.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 18 of the UnitedStates Constitution.[Page H502]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-02-11T14:02:20Z hssm00 Small Business Committee House Standing Referred to 2021-02-11T14:02:15Z 2021-02-11 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 2021-02-11 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 2021-02-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-02-11 Introduced in House IntroReferral 1000 9 Library of Congress B001286 Rep. Bustos, Cheri [D-IL-17] Cheri Bustos D IL 17 N G000597 Rep. Garbarino, Andrew R. [R-NY-2] Andrew Garbarino R NY R. 2 2021-02-11 True C001121 Rep. Crow, Jason [D-CO-6] Jason Crow D CO 6 2021-02-11 True R000597 Rep. Rice, Tom [R-SC-7] Tom Rice R SC 7 2021-02-11 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2021-02-11 True C001119 Rep. Craig, Angie [D-MN-2] Angie Craig D MN 2 2021-02-11 True S001204 Del. San Nicolas, Michael F. Q. [D-GU-At Large] Michael San Nicolas D GU F. Q. 0 2021-02-11 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2021-09-27 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2021-09-27 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2021-09-27 False L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2021-09-27 False P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 2021-09-27 False C001112 Rep. Carbajal, Salud O. [D-CA-24] Salud Carbajal D CA O. 24 2021-09-27 False P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2021-09-30 False P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2021-09-30 False N000192 Rep. Newman, Marie [D-IL-3] Marie Newman D IL 3 2021-10-20 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2021-10-20 False M001208 Rep. McBath, Lucy [D-GA-6] Lucy McBath D GA 6 2021-10-20 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2021-10-22 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2021-10-22 False K000386 Rep. Katko, John [R-NY-24] John Katko R NY 24 2021-10-22 False S001205 Rep. Scanlon, Mary Gay [D-PA-5] Mary Scanlon D PA Gay 5 2021-10-25 False T000483 Rep. Trone, David J. [D-MD-6] David Trone D MD J. 6 2021-10-26 False K000391 Rep. Krishnamoorthi, Raja [D-IL-8] Raja Krishnamoorthi D IL 8 2021-11-09 False C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2021-11-18 False O000171 Rep. O'Halleran, Tom [D-AZ-1] Tom O'Halleran D AZ 1 2021-11-18 False B001312 Rep. Bourdeaux, Carolyn [D-GA-7] Carolyn Bourdeaux D GA 7 2021-11-18 False M001202 Rep. Murphy, Stephanie N. [D-FL-7] Stephanie Murphy D FL N. 7 2021-12-02 False C001063 Rep. Cuellar, Henry [D-TX-28] Henry Cuellar D TX 28 2021-12-02 False C001059 Rep. Costa, Jim [D-CA-16] Jim Costa D CA 16 2021-12-02 False H001090 Rep. Harder, Josh [D-CA-10] Josh Harder D CA 10 2021-12-08 False A000378 Rep. Axne, Cynthia [D-IA-3] Cynthia Axne D IA 3 2021-12-09 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2021-12-14 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2022-01-06 False M000687 Rep. Mfume, Kweisi [D-MD-7] KWEISI MFUME D MD 7 2022-01-06 False Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2022-02-07 False Commerce Administrative remedies Business education Congressional oversight Corporate finance and management Income tax credits Small Business Administration Small business Women in business Commerce 00 2021-02-11 Introduced in House 2021-07-27T12:18:55Z Small Business Succession Planning Act

This bill requires the Small Business Administration (SBA) to establish a program to assist small businesses with developing and implementing business succession plans. The bill also provides a tax credit for a business that establishes a succession plan or that successfully carries out such a plan.

A business succession plan identifies who will assume the ownership responsibilities of a small business upon the owner's death or retirement, and it includes an operational description of the small business to ensure the continuation of operations.

To carry out the program, the SBA must develop and make publicly available a toolkit to assist small business with succession planning. Further, it must train resource partners on the toolkit, educate small businesses about the program, and ensure that each SBA district office and each resource partner employs someone to counsel small businesses on using the toolkit.

]]> Small Business Succession Planning Act Display Title Small Business Succession Planning Act Official Title as Introduced To require the Administrator of the Small Business Administration to establish a program to encourage small business concerns to make business succession plans, and for other purposes. Introduced in House IH Short Title(s) as Introduced Small Business Succession Planning Act Introduced in House IH Introduced in House 2021-02-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr971ih/xml/BILLS-117hr971ih.xml 2021-02-11 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.