To establish a program to stimulate the United States economy.

Summary

Amends the Public Works and Economic Development Act of 1965 to authorize appropriations to carry out certain economic development programs for FY 1992. Amends the Small Business Act to increase the program levels of the Small Business Administration for FY 1992. Amends the Internal Revenue Code to allow the targeted jobs credit for every individual hired within one year after the date of enactment of this Act. Increases the amount of such credit. Excludes from gross income distributions from individual retirement accounts used to purchase or refinance a principal residence. Exempts such distributions from the penalty tax on early distributions from retirement plans. Provides for the delay or suspension of obligations for certain defense, foreign assistance, space, and energy research programs.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 November 1991

   Introduced

   Introduced in House

   Source: IntroReferral

2. 26 November 1991

   Introduced

   Referred to the House Committee on Armed Services.

   Source: IntroReferral

3. 26 November 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 December 1991

   Referred

   Referred to the Subcommittee on Economic Development.

   Source: Committee

5. 10 December 1991

   Referred

   Referred to the Subcommittee on Procurement and Military Nuclear Systems.

   Source: Committee

6. 10 December 1991

   Committee

   Executive Comment Requested from DOD, DOE.

   Source: Committee

7. 18 June 1992

   Committee

   Unfavorable Executive Comment Received from DOE.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 26 November 1991

  Open at official source

Sponsors

• Rep. Snowe, Olympia J. [R-ME-2] · R · Sponsor
• · hssy00 · Standing
• · hsas00 · Standing
• · hspw00 · Standing
• · hswm00 · Standing
• · hssm00 · Standing
• · hsfa00 · Standing

Related records

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