HR 5975 · 115th Congress · Commerce
Puerto Rico Economic Empowerment Act of 2018
Introduced 2018-05-25· Sponsored by Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]· House
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Oversight and Government Reform, and Energy and Commerce, 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.(2018-05-25)
Plain Language Summary
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Puerto Rico Economic Empowerment Act of 2018 This bill provides for various support for Puerto Rico, including by (1) establishing tax benefits for Puerto Rico, such as a tax credit for employment payroll taxes and an expansion of the child tax credit; (2) relaxing certain requirements related to Small Business Administration loan programs for certain Puerto Rico businesses; (3) prioritizing the transfer of surplus U.S. government property to qualified Puerto Rico businesses; and (4) establishing the Federal and State Technology Partnership Program in Puerto Rico.…
Summarized by Claude AI · Non-partisan · For informational purposes only