Amendment108th Congress
2850
- Amendment Number
- 2850
- Purpose
- to increase budget authority and outlays in Function 450 (Community and Regional Development) and Function 500 (Education, Training, Employment, and Social Security) to establish a New Homestead Venture Capital Fund to make equity and near equity investments in start-up and expanding businesses located in high out-migration rural counties and to repay up to 50 percent of college loans (up to $10,000) for recent graduates who live and work in such counties for five years, respectively; and to express the sense of the Senate that any revenue measure passed by Congress in the future should include tax incentives designed to address the devastating problem of chronic out-migration from rural communities in America's Heartland and that those tax incentives should be fully offset.
- Congress
- 108
- Type
- SAMDT
- Latest Action Date
- Mar 12, 2004
- Latest Action Text
- Amendment SA 2850 agreed to in Senate by Voice Vote.
- Proposed Date
- Mar 11, 2004
- Submitted Date
- Mar 11, 2004
- Chamber
- Senate
- Update Date
- Sep 29, 2021