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Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act

Introduced: December 15, 2005 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Dec 15, 2005
Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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.
Dec 15, 2005
Introduced in House
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 Plain-English summary Congressional Research Service

Angels Nurture Growing Entrepreneurs into Long-Term Successes (ANGELS) Act - Amends the Small Business Investment Act of 1958 to establish within the Investment Division of the Small Business Administration (SBA) the Office of Angel Investment, headed by a Director, to provide support for the development of angel investment opportunities for small businesses.

Requires the Director to: (1) establish and carry out a program, to be known as the Angel Finance Program, to provide financing to approved angel groups; (2) establish and maintain a searchable database, to be known as the Federal Angel Network, to assist small businesses in identifying angel investors; and (3) establish and carry out a program to make grants for the development of new or existing angel groups and to increase awareness and education about angel investing.

Amends the Internal Revenue Code to provide a small business investment tax credit of 20 percent of the amount paid or incurred for qualified small business investment.

What's happening now December 15, 2005

Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 5
D
Schakowsky, Janice D.
Illinois · Mar 28, 2006
Bean, Melissa
· Dec 15, 2005
 D
Case, Ed
Hawaii · Dec 15, 2005
 D
Davis, Danny K.
Illinois · Dec 15, 2005
 D
Moore, Gwen
Wisconsin · Dec 15, 2005
 D
Sánchez, Linda T.
California · Dec 15, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4565: Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4565/
MLA
"H.R. 4565: Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4565/.
Bluebook (legal)
H.R. 4565, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4565/.
Markdown link
[H.R. 4565: Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act](https://openamerica.io/bill/109-HR-4565/)
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