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S. 551 117th Congress Senate

Recovery Startup Assistance Act

Official title: A bill to amend the Internal Revenue Code of 1986 to expand the Employee Retention Tax Credit to include certain startup businesses.

Introduced: March 2, 2021 Introduced by: Margaret Wood Hassan Democratic · New Hampshire See on congress.gov
Taxation Cardiovascular and respiratory healthEmergency medical services and trauma careEmployment taxesInfectious and parasitic diseases
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Small businessWages and earnings
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 2, 2021
Read twice and referred to the Committee on Finance.
Mar 2, 2021
Introduced in Senate
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 Latest action March 2, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Recovery Startup Assistance Act

This bill expands the employee retention tax credit to include recovery startup businesses. The bill defines recovery startup business as any employer that began a trade or business after February 15, 2020, had less than 50 full-time employees, and did not have gross receipts in excess of $25,000 in the preceding five-year period.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 551: Recovery Startup Assistance Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-551/
MLA
"S. 551: Recovery Startup Assistance Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-551/.
Bluebook (legal)
S. 551, 117th Cong. (2026), https://openamerica.io/bill/117-S-551/.
Markdown link
[S. 551: Recovery Startup Assistance Act](https://openamerica.io/bill/117-S-551/)
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