Skip to main content
HR 2803 110th Congress House Commerce Armed Forces and National Security Business ethics Congressional reporting requirements Data banks Directories Economics and Public Finance Executive reorganization Finance and Financial Sector Government Operations and Politics Government paperwork Government publicity Government trust funds Grants-in-aid Income tax Investments Labor and Employment Minorities Minority business enterprises Nonprofit organizations

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

Introduced: June 21, 2007 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 21, 2007
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.
Jun 21, 2007
Introduced in House
 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 June 21, 2007

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.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3