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S 1507 107th Congress Senate

Small Business Growth and Worker Assistance Act of 2001

Official title: A bill to provide for small business growth and worker assistance, and for other purposes.

Introduced: October 4, 2001 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
Taxation Agricultural laborAgriculture and FoodAquacultureAuthorization
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BiotechnologyBusiness income taxCapital gains taxCollection of accountsCommerceCrime and Law EnforcementDepreciation and amortizationDepressed areasDislocated workersEconomics and Public FinanceEmployment of the disadvantagedEnterprise zonesFamiliesFederal-state relationsFraud
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 4, 2001
Read twice and referred to the Committee on Finance.
Oct 4, 2001
Introduced in Senate
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 Latest action October 4, 2001

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Small Business Growth and Worker Assistance Act of 2001 - Amends the Internal Revenue Code to: (1) increase (from 50 to 75 percent) the partial exclusion for gain from certain small business stock and reduce ( from five to three years) the required holding period for such stock, provide for doubling the cap on eligible gain from small business stock dispositions for a joint return, and make other modifications affecting small business taxes; (2) put retail restaurant facilities in the 15 year ACRS depreciation recovery period; and (3) increase the amount of depreciable business assets that may be expensed.

Provides for a program of temporary emergency unemployment compensation.

Amends the Workforce Investment Act of 1998 to authorize a specified amount of appropriations for FY 2002 and such sums as may be necessary for FY 2003 for: (1) youth activities; (2) adult employment and training activities; and (3) dislocated worker employment and training activities.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1507: Small Business Growth and Worker Assistance Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-1507/
MLA
"S. 1507: Small Business Growth and Worker Assistance Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-1507/.
Bluebook (legal)
S. 1507, 107th Cong. (2026), https://openamerica.io/bill/107-S-1507/.
Markdown link
[S. 1507: Small Business Growth and Worker Assistance Act of 2001](https://openamerica.io/bill/107-S-1507/)
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