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   &lt;pre&gt;[Congressional Record Volume 167, Number 68 (Tuesday, April 20, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Ms. CHU:H.R. 2680.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H1999]&lt;/pre&gt;
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     &lt;p&gt;&lt;b&gt;Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill provides for a new small business investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.&lt;/p&gt;
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H11100
2021-04-20
Ways and Means Committee
hswm00
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House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
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2021-04-20
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2021-04-20
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Introduced in House
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2021-04-20T14:02:25Z
Referred to
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Ways and Means Committee
hswm00
Standing
B000574
3
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Rep. Blumenauer, Earl [D-OR-3]
BLUMENAUER
D
2022-02-18
OR
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-04-20
2021-04-20
Referred to the House Committee on Ways and Means.
House
Taxation
2021-04-20
Read twice and referred to the Committee on Finance.
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Identical bill
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
S
C001080
27
Judy
Rep. Chu, Judy [D-CA-27]
N
Chu
D
CA
Administrative law and regulatory procedures Business investment and capital Business records Department of the Treasury Employment taxes Financial services and investments Income tax credits Interest, dividends, interest rates Wages and earnings
2021-04-20
Introduced in House
 <p><b>Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act</b></p> <p>This bill provides for a new small business investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.</p>
2021-08-26T17:46:15Z
00
2021-04-20T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2680ih/xml/BILLS-117hr2680ih.xml
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to provide a tax credit for investors in start-up businesses, to provide a credit for wages paid by start-up businesses to their first employees, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Short Title(s) as Introduced
HR
2023-01-11T13:48:41Z
2023-01-11T13:48:41Z
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2021-04-20
Read twice and referred to the Committee on Finance.
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Identical bill
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
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2021-04-20
Ways and Means Committee
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Rep. Blumenauer, Earl [D-OR-3]
BLUMENAUER
D
2022-02-18
OR
Administrative law and regulatory procedures Business investment and capital Business records Department of the Treasury Employment taxes Financial services and investments Income tax credits Interest, dividends, interest rates Wages and earnings
2021-04-20
Introduced in House
 <p><b>Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act</b></p> <p>This bill provides for a new small business investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.</p>
2021-08-26T17:46:15Z
00
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to provide a tax credit for investors in start-up businesses, to provide a credit for wages paid by start-up businesses to their first employees, and for other purposes.
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IH
Introduced in House
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Short Title(s) as Introduced
2021-04-20
Referred to the House Committee on Ways and Means.