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HR 5058 109th Congress House Commerce Accounting Admission of nonimmigrants Agriculture and Food Air conditioning Alien labor Americans in foreign countries Appropriations Authorization Business education Commercialization Department of Commerce Depreciation and amortization Diesel motor Economics and Public Finance Energy Energy prices Entrepreneurs Executives Farmers

Small Business Investment and Promotion Act of 2006

Introduced: March 30, 2006 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 2006
Sponsor introductory remarks on measure. (CR H3487-3488)
Apr 19, 2006
Referred to the Subcommittee on Environment, Technology, and Standards.
Mar 30, 2006
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, the Judiciary, and Science, 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.
Mar 30, 2006
Introduced in House
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 Plain-English summary Congressional Research Service

Small Business Investment and Promotion Act of 2006 - Amends the Internal Revenue Code to: (1) provide to small business owners and operators of farming or commercial fishing businesses a temporary credit for excessive fuel costs paid or incurred in the operation of such business; (2) make permanent the credit for increasing research activities; and (3) treat as 15-year property for purposes of the depreciation deduction qualified restaurant property, qualified retail improvement property, and certain systems installed in nonresidential buildings.

Authorizes appropriations for FY2007-FY2008 for: (1) the Advanced Technology Program; (2) the Service Corps of Retired Executives (SCORE); (3) small business development centers; (4) the Manufacturing Extension Partnership program; and (5) the Women's Business Centers program.

Expresses the sense of Congress calling for appropriate funding for the above programs and the Small Business Act's 7(a) loan program.

Amends the Immigration and Nationality Act to provide market-based adjustments in annual H-1B and H-2B nonimmigrant numerical limitations.

Amends the Small Business Act to include awards for contracts performed outside the United States within the federal government's small business contracting goal.

What's happening now June 7, 2006

Sponsor introductory remarks on measure. (CR H3487-3488)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 2
All 2 Democratic 2
D
Bishop, Sanford D.
Georgia · May 23, 2006
 D
Schakowsky, Janice D.
Illinois · Apr 27, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5058: Small Business Investment and Promotion Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5058/
MLA
"H.R. 5058: Small Business Investment and Promotion Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5058/.
Bluebook (legal)
H.R. 5058, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5058/.
Markdown link
[H.R. 5058: Small Business Investment and Promotion Act of 2006](https://openamerica.io/bill/109-HR-5058/)
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