S 1826 · 112th Congress 2011–2013, ended

STARTUP Act

Fact sheet

Latest action · Nov 8, 2011 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.

  1. IntroducedNov 8, 2011
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

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.

Cosponsors 2

Members who signed on, in the order they did. All signed on Nov 8, 2011.

SeatCosponsorSigned on
D-PARobert P. Casey Jr.OriginalNov 8, 2011
D-DEThomas R. CarperOriginalNov 8, 2011

Actions 3

Everything that happened, newest first.

  1. Nov 8, 2011Introduced in Senate
  2. Nov 8, 2011Read twice and referred to the Committee on Finance.
  3. Nov 8, 2011Sponsor introductory remarks on measure. (CR S7192-7193)

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 3427STARTUP ActIdentical billJan 12, 2012
HR 3630Middle Class Tax Relief and Job Creation Act of 2012Related billFeb 22, 2012

Subjects

Assigned by the Library of Congress. Policy area: Labor and Employment.

Text 1

Each version as it was printed, newest first.

  1. Nov 8, 2011Introduced in Senate

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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.