Rural RISE Act
Latest action · Mar 29, 2007 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 29, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Rural Investment to Strengthen our Economy Act of 2007 or Rural RISE Act - Amends the Internal Revenue Code to: (1) allow a capital loss deduction with respect to the sale or exchange of a principal residence in certain rural areas; and (2) expand the work opportunity tax credit to include a qualified small business employee as a targeted group member.
Authorizes the Secretary of Education to carry out a program for the forgiveness of student loans for certain rural students who obtain a degree.
Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a: (1) rural entrepreneurship and microenterprise program; and (2) rural regional entrepreneurship program.
Requires the Secretary of Labor to award grants to: (1) regional skill alliances (business consortia) serving certain rural areas to assist in the development of job skills necessary for employment in specific industries; and (2) states to assist businesses, organizations, and agencies representing such industries in conducting planning to form such alliances.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 29, 2007 |
Actions 2
Everything that happened, newest first.
- Mar 29, 2007Introduced in Senate
- Mar 29, 2007Read twice and referred to the Committee on Finance.
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to create investment opportunities for rural families and access to credit for rural entrepreneurs and microenterprises, to support rural regional investment, and for other purposes.
- Short Titles as Introduced
- Rural RISE Act
- Rural Investment to Strengthen our Economy Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Block grants
- Business education
- Capital gains tax
- Commerce
- Community development
- Economics and Public Finance
- Education
- Entrepreneurs
- Finance and Financial Sector
- Government lending
- Government Operations and Politics
- Grants-in-aid
- Higher education
- Home ownership
- Housing and Community Development
- Housing finance
- Income tax
- Infrastructure
- Labor and Employment
- Loans
- Losses
- Marketing
- Rural economic development
- Rural education
- Scholarships
- Small business
- Student loan funds
- Tax credits
- Tax deductions
- Tax exclusion
- Taxation
- Wages
Text 1
Each version as it was printed, newest first.
- Mar 29, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
