S. 3256

Referred to Committee

Puerto Rico Economic Empowerment Act of 2018

Introduced 7/24/2018•115th Congress•Senate

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Read twice and referred to the Committee on Finance.

7/24/2018 • Senate

Summary

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.

Introduced in Senate • 7/24/2018

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Topics & Subjects

Policy Area: Commerce

AppropriationsBusiness investment and capitalCaribbean areaCensus and government statisticsCongressional oversightDepartment of CommerceDisaster relief and insuranceEconomic developmentEmployment taxesGovernment buildings, facilities, and propertyGovernment lending and loan guaranteesGovernment studies and investigationsGovernment trust fundsHealth programs administration and fundingHealth promotion and preventive careIncome tax creditsPublic contracts and procurementPuerto RicoSmall Business Administration