[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6431 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 435
119th CONGRESS
  2d Session
                                H. R. 6431

                          [Report No. 119-509]

    To amend the Internal Revenue Code of 1986 to modify the rules 
   governing the State administration of self-employment assistance 
                               programs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 4, 2025

 Mr. 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 Means

                           February 20, 2026

                    Additional sponsor: Mr. Vindman

                           February 20, 2026

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
    [For text of introduced bill, see copy of bill as introduced on 
                           December 4, 2025]


_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to modify the rules 
   governing the State administration of self-employment assistance 
                               programs.


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``New Opportunities for Business 
Ownership and Self-Sufficiency Act''.

SEC. 2. MODIFICATION OF RULES GOVERNING STATE ADMINISTRATION OF SELF-
              EMPLOYMENT ASSISTANCE PROGRAMS.

    (a) Elimination of Requirement That Participants Are Likely to 
Exhaust Regular Unemployment Compensation.--Section 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 Activities.--Section 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 Requirement.--Section 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 
Participating.--Section 3306(t)(4) of such Code is amended by striking 
``5'' and inserting ``10''.
    (e) Effective Date.--The 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 Regulations.--The 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 Guidance.--The 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.
                                                 Union Calendar No. 435

119th CONGRESS

  2d Session

                               H. R. 6431

                          [Report No. 119-509]

_______________________________________________________________________

                                 A BILL

    To amend the Internal Revenue Code of 1986 to modify the rules 
   governing the State administration of self-employment assistance 
                               programs.

_______________________________________________________________________

                           February 20, 2026

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed