US HB5109 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on April 22 2010 - 25% progression, died in committee
Action: 2010-05-27 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Pending: House Subcommittee on Health, Employment, Labor, and Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Small Business Bill of Rights - Amends the Internal Revenue Code to: (1) extend through 2011 the offset of nonrefundable personal credits against regular and alternative minimum tax (AMT) liability, the increased AMT exemption amount, and the reduced tax rates on dividends and capital gains; (2) reduce the tax rate on gain from the sale of qualified small business stock; (3) increase in 2009, 2010, or 2011 the tax deduction for business start-up expenses; (4) allow self-employed individuals to deduct health insurance costs in computing the tax on self-employment income; (5) increase and make permanent the tax credit for the purchase of hybrid motor vehicles; (6) allow a new tax credit for the purchase of flexible fuel vehicles; and (7) make the tax credits for residential energy efficiency expenditures and the tax deduction for energy efficient commercial building expenditures permanent. Requires each report of a congressional committee on a public bill or joint resolution to contain a statement by the Comptroller General that certifies that such bill or resolution will not cause an increase in unemployment. Exempts a small business concern from any amendment to the Internal Revenue Code after the enactment of this Act that would result in a tax increase to such business. Authorizes the Administrator of the Small Business Administration (SBA) to take steps to limit the impact of federal regulations on small business concerns. Postpones until December 31, 2015, the termination of the estate and generation-skipping transfer tax provisions enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001. Amends the National Labor Relations Act to make it an unfair labor practice for: (1) an employer to recognize or bargain collectively with a labor organization that has not been selected by a majority of the employees in a secret ballot election conducted by the National Labor Relations Board (NLRB); and (2) a labor organization to cause or attempt to cause an employer to recognize or bargain collectively with a representative that has not been selected in such manner. Sets forth provisions to implement health care liability reforms. Amends the Public Health Service Act to allow for the purchase of health insurance coverage across state lines. Amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to make the e-verify program permanent and to allow verification of employee legal status over the telephone. Allows small business concerns a 30-day grace period to correct errors in paperwork for which fines may be imposed under the Immigration and Nationality Act. Expresses the sense of Congress against the enactment of any laws to lessen the protections for new products or processes under the patent law or to reduce the term of any existing patent. Establishes in the United States Patent and Trademark Office (USPTO) a Patent Ombudsman Program to assist small business concerns in filing patents. Prohibits: (1) a federal agency from issuing a rule until it has studied whether such rule will have an unduly burdensome effect on small business concerns; and (2) the SBA Administrator, in carrying out SBA programs, from imposing any limit on executive compensation by any small business concern. Requires the Comptroller General to conduct a study of each federal regulation to determine the burden such regulation imposes on small business concerns. Amends the Small Business Act relating to the Service Corps of Retired Executives (SCORE) to require the SBA Administrator to ensure that SCORE: (1) carries out a plan to increase the number of small business mentors; (2) establishes benchmarks for evaluating its activities and volunteers; and (3) establishes a mentoring program of one-on-one advice to small businesses from qualified counselors. Renames the Service Corps of Retired Executives as SCORE. Eliminates the Active Corps of Executives. Amends the Small Business Act to increase from 23% to 30% the government-wide small business procurement contract goal. Requires the President, before the close of each fiscal year, to establish new goals. Requires each federal agency to have an annual goal at least equal to the federal goal. Redefines the terms"bundled contract" and "bundling of contract requirements" for federal contract procurement purposes. Amends the federal criminal code to impose criminal penalties for making a false statement concerning status as a small business concern in an effort to obtain a federal contract. Rescinds any unobligated balances made available by the American Recovery and Reinvestment Act of 2009. Repeals the Troubled Asset Relief Program (TARP). Requires any TARP funds repaid to the federal government to be used for deficit reduction.

Tracking Information

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Title

Small Business Bill of Rights

Sponsors


History

DateChamberAction
2010-05-27 Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
2010-04-22 Referred to House Appropriations
2010-04-22 Referred to House Oversight and Government Reform
2010-04-22 Referred to House Judiciary
2010-04-22 Referred to House Energy and Commerce
2010-04-22 Referred to House Education and Labor
2010-04-22 Referred to House Rules
2010-04-22 Referred to House Financial Services
2010-04-22 Referred to House Small Business
2010-04-22 Referred to House Ways and Means
2010-04-22 Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Rules, Education and Labor, Energy and Commerce, the Judiciary, Oversight and Government Reform, and Appropriations, 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.

Subjects

Administrative law and regulatory procedures
Border security and unlawful immigration
Budget deficits and national debt
Business investment and capital
Capital gains tax
Civil actions and liability
Commerce
Corporate finance and management
Energy efficiency and conservation
Financial crises and stabilization
Foreign labor
Fraud offenses and financial crimes
Government information and archives
Health care costs and insurance
Health care coverage and access
Hybrid, electric, and advanced technology vehicles
Income tax credits
Income tax deductions
Income tax exclusion
Income tax rates
Industrial facilities
Intellectual property
Interest, dividends, interest rates
Labor-management relations
Legislative rules and procedure
Public contracts and procurement
Securities
Self-employed
Small business
Transfer and inheritance taxes
Unemployment
Wages and earnings

US Congress State Sources


Bill Comments

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