summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Startup Technical Assistance for Reemployment Training and Unemployment Prevention Act or the STARTUP Act - Amends the Federal-State Extended Unemployment Compensation Act of 1970 to authorize states to establish a self-employment assistance program (a program to provide unemployed individuals with an allowance in lieu of extended unemployment compensation to establish a business and become self-employed). Amends the Supplemental Appropriations Act, 2008 to allow individuals receiving emergency unemployment compensation to participate in a self-employment assistance program. Directs the Secretary of Labor to: (1) award grants to states for self-employment assistance programs; (2) develop model language that may be used by states in enacting such programs and provide technical assistance to states in establishing, improving, and administering such programs; (3) establish reporting requirement for states that have established such programs; and (4) report to Congress on the effectiveness of such programs. Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to repeal the program for investment in microentrepreneurs. Limits and rescinds funding for the Loan Modernization and Accounting System established by the Small Business Administration (SBA). Directs the Administrator of SBA to terminate the Special Purpose Counseling Grant program under the Small Business Act.
AI Summary
This bill, known as the STARTUP Act, aims to help unemployed individuals become self-employed by allowing states to establish self-employment assistance programs. These programs would provide unemployed individuals, including those receiving extended or emergency unemployment compensation, with an allowance instead of traditional unemployment benefits to help them start their own businesses. The Secretary of Labor would be responsible for awarding grants to states to fund these programs, developing model language and providing technical assistance to help states set them up, and establishing reporting requirements to track their effectiveness. The bill also includes provisions to repeal a program for investment in microentrepreneurs and limits funding for certain Small Business Administration (SBA) systems and grants.
Committee Categories
Budget and Finance, Business and Industry, Labor and Employment
Sponsors (7)
Earl Blumenauer (D),
Lloyd Doggett (D),
Sander Levin (D),
Frank Pallone (D),
Gary Peters (D),
Charles Rangel (D),
Fortney Stark (D),
Last Action
Referred to the Subcommittee on Domestic Monetary Policy and Technology. (on 01/12/2012)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/3427/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112hr3427ih/pdf/BILLS-112hr3427ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr3427ih/pdf/BILLS-112hr3427ih.pdf.pdf |
Loading...