United States · Bill · S
S. 4624 (116th)
Innovation Centers Acceleration Act
Introduced
17 September 2020
Last action
17 September 2020 · Introduced
Status
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sponsors
Sen. Coons, Christopher A. [D-DE], Sen. Durbin, Richard J. [D-IL]
Subjects
Housing, Transport, Taxation
Source updated
5 December 2025
Housing · Transport · Taxation
Summary
Innovation Centers Acceleration Act This bill provides a program to advance economic development by designating nine cities as innovation centers—increasing funding for research and development—and providing and modifying certain related grants. It also establishes the Innovation Center Selection Committee to designate these cities. The innovation center designation entitles participating cities—and the businesses, research institutions, and other organizations that operate within them—to various federal funding and benefits for research activities, business and workforce development, and transportation infrastructure projects. These benefits include expanding various tax credits and incentives for businesses and enabling those businesses to access loans and other financial instruments to raise capital. In addition, the bill establishes a grant program for local and tribal governments that partner with innovation centers to develop and preserve affordable housing. It also modifies existing grants, loans, and other programs that support transportation infrastructure to specifically target initiatives in innovation centers.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
17 September 2020
Introduced
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Source: IntroReferral
17 September 2020
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 17 September 2020 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 17 September 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 September 2020
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Introduced in Senate
summary · EN · 17 September 2020
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Coons, Christopher A. [D-DE] · D · Sponsor
- Sen. Durbin, Richard J. [D-IL] · D · Sponsor
- · sshr00 · Standing
Related records
- related to → Innovation Centers Acceleration Act
- related to ← Innovation Centers Acceleration Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4624
- Open data entity: https://api.congress.gov/v3/bill/116/s/4624
- us · 116-s-4624 · source updated 5 December 2025