S 3256 · 115th Congress · Commerce

Puerto Rico Economic Empowerment Act of 2018

Introduced 2018-07-24· Sponsored by Sen. Hatch, Orrin G. [R-UT]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2018-07-24)

Plain Language Summary

[AI summary unavailable — showing source text] 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

Cosponsors (1)

1 Republican