Increasing Opportunities for Small Businesses Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 28, 2020)
Increasing Opportunities for Small Businesses Act of 2020
This bill 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.
What just happenedAug 28, 2020
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseAug 28, 2020
- Aug 28, 2020IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - Aug 28, 2020IntroReferralIntro-H
Introduced in House
- Aug 28, 2020IntroReferral1000
Introduced in House