Puerto Rico Economic Empowerment Act of 2018

Bill Number

HR 5975

Introduced

May 25, 2018

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Ov ...

Sponsor

Cosponsors

Topics

Appropriations Business investment and capital Caribbean area Census and government statistics Commerce Congressional oversight Department of Commerce Disaster relief and insurance Economic development Employment taxes Government buildings, facilities, and property Government lending and loan guarantees Government studies and investigations Government trust funds Health programs administration and funding Health promotion and preventive care Income tax credits Public contracts and procurement Puerto Rico Small business Small Business Administration Social security and elderly assistance Tax treatment of families U.S. territories and protectorates

Full Text

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Votes

Summary

Puerto Rico Economic Empowerment Act of 2018

This bill provides for various support for Puerto Rico, including by (1) establishing tax benefits for Puerto Rico, such as a tax credit for employment payroll taxes and an expansion of the child tax credit; (2) relaxing certain requirements related to Small Business Administration loan programs for certain Puerto Rico businesses; (3) prioritizing the transfer of surplus U.S. government property to qualified Puerto Rico businesses; and (4) establishing the Federal and State Technology Partnership Program in Puerto Rico.

Actions

May 25, 2018

Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 25, 2018

Introduced in House

Amendments

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