S 3256 · 115th Congress · Commerce
Puerto Rico Economic Empowerment Act of 2018
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2018-07-24)
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