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HR 8120 116th Congress House Commerce Congressional oversight Economic development Employment and training programs Government information and archives Small business

Increasing Opportunities for Small Businesses Act of 2020

Introduced: August 28, 2020 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 28, 2020
Referred to the House Committee on Small Business.
Aug 28, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Increasing Opportunities for Small Businesses Act of 2020

This bill requires the Small Business Administration (SBA), through specified offices, centers, and programs, to train and educate field representatives on investments in areas designated as qualified opportunity zones.

Opportunity zone designation is an economic development tool that facilitates investment in distressed areas to spur economic growth and job creation in low-income communities.

Field representatives shall (1) serve as the point of contact for questions and resources on such investments, (2) educate local elected leaders on such investments, and (3) hold an annual seminar in each state to provide education on how to benefit from such investments.

The SBA must submit an annual report on the efforts of the field representatives.

What's happening now August 28, 2020

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1