New Opportunities for Business Ownership and Self-Sufficiency Act

119 HR 6431 EH: New Opportunities for Business Ownership and Self-Sufficiency Act U.S. House of Representatives 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. IB 119th CONGRESS2d Session H. R. 6431

IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Internal Revenue Code of 1986 to modify the rules governing the State administration of self-employment assistance programs.

1.Short titleThis Act may be cited as the New Opportunities for Business Ownership and Self-Sufficiency Act.

2.Modification of rules governing State administration of self-employment assistance programs (a)Elimination of requirement that participants are likely to exhaust regular unemployment compensationSection 3306(t)(3) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B) and by redesignating subparagraphs (C) and (D) as subparagraphs (B) and (C), respectively. (b)Modification of requirement To participate in self-Employment assistance activitiesSection 3306(t)(3)(B) of such Code, as redesignated by subsection (a), is amended to read as follows: (B)are participating in self-employment assistance activities which are approved by the State agency and either— (i)include entrepreneurial training, business counseling, and technical assistance; or (ii)are performed pursuant to a business plan and market feasibility study submitted by the individual and approved by the State or an agency designated by the State; and. (c)Weekly certification requirementSection 3306(t)(3)(C) of such Code, as redesignated by subsection (a), is amended by inserting and are certifying such activities on at least a weekly basis to an agency designated by the State before the semicolon at the end. (d)Adjustment of limitation on number of individuals participatingSection 3306(t)(4) of such Code is amended by striking 5 and inserting 10. (e)Effective dateThe amendments made by this section shall apply beginning on the date that is 2 years after the date of enactment of this Act, except that nothing in this section shall be interpreted to prevent a State from amending its law before the end of the 2-year period beginning on the date of the enactment of this Act. (f)Issuance of regulationsThe Secretary of Labor shall, after public notice and comment and subject to approval by the Office of Management and Budget, adopt regulations to administer this Act. (g)Issuance of guidanceThe Secretary of Labor shall provide guidance to State workforce agencies that includes— (1)a model list of self-employment assistance activities that fulfill requirements of the program under section 3306(t) of the Internal Revenue Code of 1986; and (2)best practices for verification of completion of such activities. Passed the House of Representatives April 27, 2026.Kevin F. McCumber,Clerk.

119 HR 6431 IH: New Opportunities for Business Ownership and Self-Sufficiency Act U.S. House of Representatives 2025-12-04 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. I119th CONGRESS1st SessionH. R. 6431IN THE HOUSE OF REPRESENTATIVESDecember 4, 2025Mr. Carey (for himself, Mr. Landsman, Mr. Miller of Ohio, Mr. Yakym, Mr. Feenstra, and Mr. Moran) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to modify the rules governing the State administration of self-employment assistance programs.1.Short titleThis Act may be cited as the New Opportunities for Business Ownership and Self-Sufficiency Act.2.Modification of rules governing State administration of self-employment assistance programs(a)Elimination of requirement that participants are likely To exhaust regular unemployment compensationSection 3306(t)(3) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B) and by redesignating subparagraphs (C) and (D) as subparagraphs (B) and (C), respectively.(b)Modification of requirement To participate in self-Employment assistance activitiesSection 3306(t)(3)(B) of such Code, as redesignated by subsection (a), is amended to read as follows:(B)are participating in self-employment assistance activities which are approved by the State agency and either—(i)include entrepreneurial training, business counseling, and technical assistance; or(ii)are performed pursuant to a business plan and market feasibility study submitted by the individual and approved by the State or an agency designated by the State; and.(c)Weekly certification requirementSection 3306(t)(3)(C) of such Code, as redesignated by subsection (a), is amended by inserting and are certifying such activities on at least a weekly basis to an agency designated by the State before the semicolon at the end.(d)Adjustment of limitation on number of individuals participatingSection 3306(t)(4) of such Code is amended by striking 5 and inserting

10.(e)Effective dateThe amendments made by this section shall apply beginning on the date that is 2 years after the date of enactment of this Act, except that nothing in this section shall be interpreted to prevent a State from amending its law before the end of the 2-year period beginning on the date of the enactment of this Act.(f)Issuance of regulationsThe Secretary of Labor shall, after public notice and comment and subject to approval by the Office of Management and Budget, adopt regulations to administer this Act.

119 HR 6431 : New Opportunities for Business Ownership and Self-Sufficiency Act U.S. House of Representatives 2026-04-28 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. IIB119th CONGRESS2d SessionH. R. 6431IN THE SENATE OF THE UNITED STATESApril 28, 2026Received; read twice and referred to the Committee on FinanceAN ACTTo amend the Internal Revenue Code of 1986 to modify the rules governing the State administration of self-employment assistance programs.1.Short titleThis Act may be cited as the New Opportunities for Business Ownership and Self-Sufficiency Act.2.Modification of rules governing State administration of self-employment assistance programs(a)Elimination of requirement that participants are likely to exhaust regular unemployment compensationSection 3306(t)(3) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B) and by redesignating subparagraphs (C) and (D) as subparagraphs (B) and (C), respectively.(b)Modification of requirement To participate in self-Employment assistance activitiesSection 3306(t)(3)(B) of such Code, as redesignated by subsection (a), is amended to read as follows:(B)are participating in self-employment assistance activities which are approved by the State agency and either—(i)include entrepreneurial training, business counseling, and technical assistance; or(ii)are performed pursuant to a business plan and market feasibility study submitted by the individual and approved by the State or an agency designated by the State; and.(c)Weekly certification requirementSection 3306(t)(3)(C) of such Code, as redesignated by subsection (a), is amended by inserting and are certifying such activities on at least a weekly basis to an agency designated by the State before the semicolon at the end.(d)Adjustment of limitation on number of individuals participatingSection 3306(t)(4) of such Code is amended by striking 5 and inserting

10.(e)Effective dateThe amendments made by this section shall apply beginning on the date that is 2 years after the date of enactment of this Act, except that nothing in this section shall be interpreted to prevent a State from amending its law before the end of the 2-year period beginning on the date of the enactment of this Act.(f)Issuance of regulationsThe Secretary of Labor shall, after public notice and comment and subject to approval by the Office of Management and Budget, adopt regulations to administer this Act.(g)Issuance of guidanceThe Secretary of Labor shall provide guidance to State workforce agencies that includes—(1)a model list of self-employment assistance activities that fulfill requirements of the program under section 3306(t) of the Internal Revenue Code of 1986; and(2)best practices for verification of completion of such activities.Passed the House of Representatives April 27, 2026.Kevin F. McCumber,Clerk.

119 HR 6431 RH: New Opportunities for Business Ownership and Self-Sufficiency Act U.S. House of Representatives 2026-02-20 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. IBUnion Calendar No. 435119th CONGRESS2d SessionH. R. 6431[Report No. 119–509]IN THE HOUSE OF REPRESENTATIVESDecember 4, 2025Mr. Carey (for himself, Mr. Landsman, Mr. Miller of Ohio, Mr. Yakym, Mr. Feenstra, and Mr. Moran) introduced the following bill; which was referred to the Committee on Ways and MeansFebruary 20, 2026Additional sponsor: Mr. VindmanFebruary 20, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on December 4, 2025A BILLTo amend the Internal Revenue Code of 1986 to modify the rules governing the State administration of self-employment assistance programs.1.Short titleThis Act may be cited as the New Opportunities for Business Ownership and Self-Sufficiency Act.2.Modification of rules governing State administration of self-employment assistance programs(a)Elimination of requirement that participants are likely to exhaust regular unemployment compensationSection 3306(t)(3) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B) and by redesignating subparagraphs (C) and (D) as subparagraphs (B) and (C), respectively.(b)Modification of requirement To participate in self-Employment assistance activitiesSection 3306(t)(3)(B) of such Code, as redesignated by subsection (a), is amended to read as follows:(B)are participating in self-employment assistance activities which are approved by the State agency and either—(i)include entrepreneurial training, business counseling, and technical assistance; or(ii)are performed pursuant to a business plan and market feasibility study submitted by the individual and approved by the State or an agency designated by the State; and.(c)Weekly certification requirementSection 3306(t)(3)(C) of such Code, as redesignated by subsection (a), is amended by inserting and are certifying such activities on at least a weekly basis to an agency designated by the State before the semicolon at the end.(d)Adjustment of limitation on number of individuals participatingSection 3306(t)(4) of such Code is amended by striking 5 and inserting

10.(e)Effective dateThe amendments made by this section shall apply beginning on the date that is 2 years after the date of enactment of this Act, except that nothing in this section shall be interpreted to prevent a State from amending its law before the end of the 2-year period beginning on the date of the enactment of this Act.(f)Issuance of regulationsThe Secretary of Labor shall, after public notice and comment and subject to approval by the Office of Management and Budget, adopt regulations to administer this Act.(g)Issuance of guidanceThe Secretary of Labor shall provide guidance to State workforce agencies that includes—(1)a model list of self-employment assistance activities that fulfill requirements of the program under section 3306(t) of the Internal Revenue Code of 1986; and(2)best practices for verification of completion of such activities.February 20, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed