United States · Bill · HR
H.R. 4565 (109th)
Angels Nurture Growing Entrepreneurs into Long-term Successes (ANGELS) Act
Introduced
15 December 2005
Last action
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Status
Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsors
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Subjects
Discovery layer
Source updated
15 August 2025
Summary
Angels Nurture Growing Entrepreneurs into Long-Term Successes (ANGELS) Act - Amends the Small Business Investment Act of 1958 to establish within the Investment Division of the Small Business Administration (SBA) the Office of Angel Investment, headed by a Director, to provide support for the development of angel investment opportunities for small businesses. Requires the Director to: (1) establish and carry out a program, to be known as the Angel Finance Program, to provide financing to approved angel groups; (2) establish and maintain a searchable database, to be known as the Federal Angel Network, to assist small businesses in identifying angel investors; and (3) establish and carry out a program to make grants for the development of new or existing angel groups and to increase awareness and education about angel investing. Amends the Internal Revenue Code to provide a small business investment tax credit of 20 percent of the amount paid or incurred for qualified small business investment.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 15 December 2005
Introduced in House (PDF)
Introduced in House · EN · 15 December 2005
Introduced in House
summary · EN · 15 December 2005
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/house-bill/4565
- Open data entity: https://api.congress.gov/v3/bill/109/hr/4565