US Congress Senate Bill 2680 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 29 2014 - 25% progression, died in committee
Action: 2014-07-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Buy it in America Act - Directs the Secretary of Commerce to establish the America Star Program as a voluntary program under which manufacturers may have products certified as meeting the standards of a label (i.e., America Star label) that indicates to consumers the extent to which such products are manufactured in the United States. Amends the Internal Revenue Code to: (1) allow a new tax credit (angel investment tax credit) for up to 25% of equity investment in a small business entity that is located in the United States and engages in a qualified high technology trade or business; (2) make permanent the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock; and (3) establish tax-exempt small business startup savings accounts to make distributions for small business operating capital, the purchase of equipment or facilities, marketing, training, incorporation, and accounting fees.

Buy it in America Act

Sen. Mark Pryor [D-AR]

Sen. John Walsh [D-MT]

Date	Chamber	Action
2014-07-29	Senate	Read twice and referred to the Committee on Finance.

HB4931 (Related) 2014-06-20 - Referred to the House Committee on Ways and Means.
SB2497 (Related) 2014-06-19 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2680/all-info
Text	https://www.congress.gov/113/bills/s2680/BILLS-113s2680is.pdf