US Congress House Bill 8120 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on August 28 2020 - 25% progression, died in committee
Action: 2020-08-28 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Requires the Small Business Administration (SBA), through specified offices, centers, and programs, to train and educate field representatives on investments in areas designated as qualified opportunity zones. Opportunity zone designation is an economic development tool that facilitates investment in distressed areas to spur economic growth and job creation in low-income communities. Field representatives shall (1) serve as the point of contact for questions and resources on such investments, (2) educate local elected leaders on such investments, and (3) hold an annual seminar in each state to provide education on how to benefit from such investments. The SBA must submit an annual report on the efforts of the field representatives.

Increasing Opportunities for Small Businesses Act of 2020

Rep. Dan Bishop [R-NC]

Rep. William Timmons [R-SC]

Date	Chamber	Action
2020-08-28	House	Referred to the House Committee on Small Business.
2020-08-28	House	Introduced in House

SB5011 (Related) 2020-12-11 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/8120/all-info
Text	https://www.congress.gov/116/bills/hr8120/BILLS-116hr8120ih.pdf