Small Business Stimulus Act of 2008
Latest action · Apr 16, 2008 Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 110-776.
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.
- IntroducedJan 24, 2008
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Stimulus Act of 2008 - Directs the Administrator of the Small Business Administration (SBA) to reduce in 2008 the rate of certain loan fees imposed under the Small Business Act.
Appropriates, as an emergency requirement, additional funds in FY2008 for: (1) loan subsidies under the SBA Business Loans Program Account; and (2) direct loans and assistance under the SBA Microloan Program.
Amends the Internal Revenue Code to: (1) increase to $200,000 in 2008 the expensing allowance for depreciable business assets; and (2) extend through 2008 the five-year carryback of certain unused net operating losses.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Jan 25, 2008 to Jan 28, 2008.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-LA | Mary L. Landrieu | Jan 25, 2008 | |
| D-MI | Carl Levin | Jan 28, 2008 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jan 24, 2008 |
| Senate | Small Business and Entrepreneurship Committee | Hearings Apr 16, 2008 |
Actions 3
Everything that happened, newest first.
- Apr 16, 2008Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 110-776.
- Jan 24, 2008Introduced in Senate
- Jan 24, 2008Read twice and referred to the Committee on Finance.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S389 | John F. Kerry D-MA | Jan 28, 2008 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2552 | Small Business Stimulus Act of 2008 | Related bill | Jan 24, 2008 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to modify certain fees applicable under the Small Business Act for 2008, to make an emergency appropriation for certain small business programs, and to amend the Internal Revenue Code of 1986 to provide increased expensing for 2008, to provide a 5-year carryback for certain net operating losses, and for other purposes.
- Short Titles as Introduced
- Small Business Stimulus Act of 2008
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Jan 24, 2008Introduced 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.
