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Increasing Opportunities for Small Businesses Act of 2020

USA116th CongressHR-8120| House 
| Updated: 8/28/2020
Dan Bishop

Dan Bishop

Republican Representative

North Carolina

Cosponsors (1)
William R. Timmons (Republican)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Aug 28, 2020
Introduced in House
Aug 28, 2020
Referred to the House Committee on Small Business.
  • August 28, 2020
    Introduced in House


  • August 28, 2020
    Referred to the House Committee on Small Business.

Commerce

Related Bills

  • S 116-5011: Economic Empowerment for Underserved Communities Act
Congressional oversightEconomic developmentEmployment and training programsGovernment information and archivesSmall business

Increasing Opportunities for Small Businesses Act of 2020

USA116th CongressHR-8120| House 
| Updated: 8/28/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 28, 2020
Introduced in House
Aug 28, 2020
Referred to the House Committee on Small Business.
  • August 28, 2020
    Introduced in House


  • August 28, 2020
    Referred to the House Committee on Small Business.
Dan Bishop

Dan Bishop

Republican Representative

North Carolina

Cosponsors (1)
William R. Timmons (Republican)

Small Business Committee

Commerce

Related Bills

  • S 116-5011: Economic Empowerment for Underserved Communities Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightEconomic developmentEmployment and training programsGovernment information and archivesSmall business