Bill
Bill > SB141
summary
Introduced
06/11/2019
06/11/2019
In Committee
06/14/2019
06/14/2019
Crossed Over
06/13/2019
06/13/2019
Passed
Dead
06/30/2020
06/30/2020
Introduced Session
150th General Assembly
Bill Summary
Both the Delaware Strategic Fund (Title 29, Chapter 87A, Subchapter II) and the Delaware Technical Innovation Fund (Title 29, Chapter 87A, Subchapter III) provide funding for Delaware businesses, including new businesses in growing technology-related fields. The Delaware Strategic Fund is intended to assist in the development of startup strategies such as seed capital and incubator programs. The Delaware Technical Innovation Fund is intended to promote coordination with Delawares institutions of higher education and the private sector to commercialize innovative products and processes developed by small businesses. This act encourages Delawares institutions of higher education to assist foreign-born, student entrepreneurs, who are engaged in the development of new businesses and technologies in Delaware, to provide them with assistance in maintaining proper legal status within the United States.
AI Summary
This bill amends the Delaware Strategic Fund and the Delaware Technical Innovation Fund to encourage Delaware's institutions of higher education to assist foreign-born, student entrepreneurs engaged in developing new businesses and technologies in Delaware. The bill allows these institutions to help the entrepreneurs maintain proper legal status, such as Optional Practical Training (OPT) and H1-B/EB-2 visas. The bill also provides funding support from the Delaware Strategic Fund for this purpose. Additionally, the bill includes a 3-year sunset provision, requiring the Joint Legislative Oversight and Sunset Committee to review the act.
Committee Categories
Budget and Finance, Business and Industry, Government Affairs
Sponsors (14)
Harris McDowell (D)*,
Stephanie Bolden (D),
Colin Bonini (R),
Gerald Brady (D),
Stephanie Hansen (D),
Debra Heffernan (D),
Ed Osienski (D),
Nicole Poore (D),
Mike Ramone (R),
Bryant Richardson (R),
Mike Smith (R),
Dave Sokola (D),
Laura Sturgeon (D),
Jack Walsh (D),
Last Action
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 10 On Its Merits (on 06/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://legis.delaware.gov/BillDetail?LegislationId=47627 |
| BillText | http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=47627&legislationTypeId=1&docTypeId=2&legislationName=SB141 |
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