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Small Business Efficiency Act of 2006

Introduced: May 19, 2006 Introduced by: Grassley, Chuck Republican · Iowa 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 2006
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837-4839)
May 19, 2006
Introduced in Senate
May 19, 2006
Sponsor introductory remarks on measure. (CR S4837, S4839)
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 Plain-English summary Congressional Research Service

Small Business Efficiency Act of 2006 - Amends the Internal Revenue Code to treat professional employer organizations (PEOs), certified by the Internal Revenue Service (IRS), as employers for employment tax purposes (thus allowing such PEOs to pay wages and collect and remit payroll taxes on behalf of an employer).

Sets forth IRS certification requirements for PEOs, including financial review and reporting requirements. Requires a PEO to post a bond (the greater of $50,000 or 5% of the organization's tax liability for the preceding calendar year not to exceed $1,000,000) to guarantee payment of employment taxes.

What's happening now May 19, 2006

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837-4839)

 Related & companion bills 1
  • HR 4985 Related bill Small Business Efficiency Act of 2006
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2913: Small Business Efficiency Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-S-2913/
MLA
"S. 2913: Small Business Efficiency Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-2913/.
Bluebook (legal)
S. 2913, 109th Cong. (2026), https://openamerica.io/bill/109-S-2913/.
Markdown link
[S. 2913: Small Business Efficiency Act of 2006](https://openamerica.io/bill/109-S-2913/)
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