Summary: Expanding Opportunities for Main Street Act of 2011 - Requires a federal agency, to the extent practicable, to award to a small business concern each acquisition contract of more than $3,000 and less than $500,000 (eligible contract). Authorizes a federal department or agency to award an eligible contract as a sole source contract to a small business if at least one small business submits a contract offer. Requires federal contracting officers to provide a determination of and reasons for not awarding an eligible contract to a small business. Amends the Small Business Act to prohibit considering an individual having net worth of over $1.5 million as economically disadvantaged for purposes of making certain awards to small businesses owned and controlled by socially and economically disadvantaged individuals under the Minority Small Business and Capital Ownership Development Program of the Small Business Administration (SBA). Amends the Small Business Investment Act of 1958 to make permanent the increase from $2 million to $5 million in the surety bond guaranty limit of the SBA. Relieves the SBA from reimbursing the surety if: (1) the surety obtained such guarantee or agreement, or applied for such reimbursement, by fraud or material misrepresentation; (2) the total contract amount at the time of bond execution exceeds $5 million; (3) the surety has breached a material term or condition of such guarantee agreement; or (4) the surety has substantially violated regulations promulgated by the SBA. Redefines the terms "bundled contracts" and "bundling of contract requirements" for purposes of small business participation in federal procurement contracts. Increases federal small business procurement contracting goals. Requires the withholding of specified contract amounts to contractors who fail to award a specified percentage of its subcontracts to small businesses owned and controlled by socially and economically disadvantaged individuals. Requires the National Director of the Minority Business Development Agency (MBDA) to establish: (1) the Minority Business Development Program to assist qualified minority businesses with technical assistance, loan guarantees, and contract procurement assistance; and (2) a database to assist prime contractors in identifying historically disadvantaged firms for subcontracting. Authorizes the National Director to: (1) enter into agreements to provide set-aside contracting opportunities to minority businesses, and (2) terminate a minority business from the Program for specified violations. Directs the Secretary of Labor to establish a minimum percentage of construction work hours to be performed by targeted workers (workers whose families have incomes of no more than 200% of federal poverty guidelines) under contracts for facilities and infrastructure construction and rehabilitation funded directly by or assisted in whole or in part by the federal government in FY2012. Requires the utilization of apprenticeship programs for such workers. Expresses the sense of Congress urging participation in such contracts by socially and economically disadvantaged small businesses. Amends the Internal Revenue Code to extend through 2013: (1) the new markets tax credit national limitation of $3.5 billion, and (2) empowerment zone designations.

expanding opportunities main street act requires federal agency extent practicable award small business concern acquisition contract eligible contract authorizes federal department agency award eligible contract sole source contract small business small business submits contract offer requires federal contracting officers provide determination reasons awarding eligible contract small business amends small_business_act prohibit considering individual having net worth million economically disadvantaged purposes making certain awards small businesses owned controlled socially economically disadvantaged individuals small_business_administration sba amends small_business_investment_act permanent increase million million surety bond guaranty limit sba relieves sba reimbursing surety surety obtained guarantee agreement applied reimbursement fraud material misrepresentation total contract time bond execution exceeds million surety breached material term condition guarantee agreement surety substantially violated regulations promulgated sba redefines terms bundled contracts bundling contract requirements purposes small business participation federal procurement contracts increases federal small business procurement contracting goals requires withholding specified contract amounts contractors fail award specified percentage subcontracts small businesses owned controlled socially economically disadvantaged individuals requires national director minority_business_development_agency establish assist qualified minority businesses technical assistance loan guarantees contract procurement assistance database assist prime contractors identifying historically disadvantaged firms subcontracting authorizes national director enter agreements provide set aside contracting opportunities minority businesses terminate minority business program specified violations directs secretary labor establish minimum percentage construction work hours performed targeted workers workers families incomes federal poverty guidelines contracts facilities infrastructure construction rehabilitation funded directly assisted federal government fy2012 requires utilization apprenticeship programs workers expresses sense congress urging participation contracts socially economically disadvantaged small businesses amends internal revenue code extend new markets tax credit national limitation billion empowerment zone designations


Summary: Promotion and Expansion of Private Employee Ownership Act of 2011 - Amends the Internal Revenue Code to extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP). Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. Amends the Small Business Act to define "ESOP business concern" and allow such a concern to continue to qualify for loans, preferences, and other programs under such Act.

amends internal revenue code extend domestic corporations including corporations provisions allowing deferral tax gain sale employer securities corporation sponsored employer stock ownership plan esop directs secretary treasury establish s_corporation_employee_ownership_assistance_office foster increased employee ownership corporations amends small_business_act define esop business concern allow concern continue qualify loans preferences programs act


Summary: Fairness for Small Businesses in Federal Contracting Act of 2011 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to establish a new classification system for industries for purposes of determining whether businesses meet the small business size standards established herein that replaces the North American Industrial Classification System. Requires: (1) the Federal Acquisition Regulation to be amended to integrate the new system, and (2) the Administrator of General Services to integrate the new system into the Integrated Acquisition Environment. Directs the SBA Administrator to: (1) eliminate the nonmanufacturer exception to small business size determinations, (2) require contracting officers to use the size standard established for retail and wholesale industries in federal procurements for products and services that are not manufactured by the offeror, and (3) require such officers to use only SBA size standards for manufacturing industries if the federal government issues a contract for the purchase of a product or good that is manufactured by the offeror.

fairness small businesses federal contracting act amends small business act direct administrator small_business_administration sba establish new classification system industries purposes determining businesses meet small business size standards established replaces north_american_industrial_classification_system requires federal_acquisition_regulation amended integrate new system administrator general_services integrate new system directs sba administrator eliminate exception small business size determinations require contracting officers use size standard established retail wholesale industries federal procurements products services manufactured offeror require officers use sba size standards manufacturing industries federal government issues contract purchase product good manufactured offeror


Summary: HUBZone Protection Act of 2011 - Amends the Small Business Act to revise the definition of "redesignated area" for HUBZone designation purposes to extend the time period during which a census tract or nonmetropolitan county that loses its HUBZone status due to the 2010 census may be so designated.

hubzone protection act amends small business act revise definition redesignated area hubzone designation purposes extend time period census tract nonmetropolitan county loses hubzone status census designated


Summary: Small Business Jobs Tax Extenders Act of 2011 - Amends the Internal Revenue Code to extend for one year certain tax expenditures for small businesses, including: (1) the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock, (2) the five-year carryback of tax credit amounts of eligible small businesses, (3) increased expensing and accelerated depreciation allowances, (4) the increased tax deduction for business start-up expenses, and (5) the tax deduction allowed for the health insurance costs of self-employed individuals. Exempts from the requirement to purchase health insurance under the Patient Protection and Affordable Care Act an indivdual whose required contribution (determined on an annual basis) for coverage for a month exceeds 5% (currently 8%) of such individual's household income for the taxable year.

small business jobs tax extenders act amends internal revenue code extend year certain tax expenditures small businesses including exclusion gross income gain sale exchange qualified small business stock year carryback tax credit amounts eligible small businesses increased expensing accelerated depreciation allowances increased tax deduction business start expenses tax deduction allowed health insurance costs self employed individuals exempts requirement purchase health insurance patient_protection affordable care act required contribution determined annual basis coverage month exceeds currently individual household income taxable year


Summary: Increasing Small Business Lending Act of 2011 - Amends the American Recovery and Reinvestment Act of 2009 to extend small business loan fee reductions and eliminations and small business loan guarantees under such Act to one year after the enactment of this Act. Makes uniform between the Small Business Administration (SBA) section 7(a) loan program and the SBA local development business loan program the office space leasing policy, allowing up to 50% of a facility to be leased on either a new or existing building. Allows the SBA Administrator to pool (combine for sale on the secondary market) SBA-guaranteed loans having various interest rates. (Currently, the SBA may pool only SBA-guaranteed loans having the same interest rate.) Requires interest rates on trust certificates representing shares of pooled loans to be the weighted average interest rate of such loans. Requires the SBA to provide to intermediary lenders at least one alternative interest rate other than the Wall Street prime rate.

increasing small business lending act amends american_recovery_and_reinvestment_act extend small business loan fee reductions eliminations small business loan guarantees act year enactment act makes uniform small_business_administration sba section loan program sba local development business loan program office space leasing policy allowing facility leased new existing building allows sba administrator pool combine sale secondary market sba guaranteed loans having interest rates currently sba pool sba guaranteed loans having interest rate requires interest rates trust certificates representing shares pooled loans weighted average interest rate loans requires sba provide intermediary lenders alternative interest rate wall street prime rate


Summary: Reopening American Capital Markets to Emerging Growth Companies Act of 2011 - Amends the Securities Act of 1933 (SA) and the Securities Exchange Act of 1934 (SEA) to define "emerging growth company" as an issuer that had total annual gross revenues of less than $1 billion during its most recently completed fiscal year. Amends SEA and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to exempt emerging growth companies from the requirement for separate shareholder approval of executive compensation, including golden parachute compensation. Amends SA to state that an emerging growth company need not present more than two years of audited financial statements in order for its registration statement, with respect to an initial public offering of its common equity securities, to be effective. Amends both SA and SEA to state that, in any other registration statement to be filed with the Securities and Exchange Commission (SEC), an emerging growth company need not present financial data for any period before the earliest audited period presented in connection with its initial public offering. Authorizes the SEC to recognize, as generally accepted accounting principles, those established by a standard setting body that, in addition to other criteria, has not established any accounting principles that would require an emerging growth company to comply with any new or revised financial accounting standard as of an effective date earlier than the one applying to a company that is not an issuer. Amends the the Sarbanes-Oxley Act of 2002 to exempt a registered public accounting firm that prepares or issues a report on its audit of an emerging growth company from the requirement that it attest to, and report on, any assessment of internal controls the company's management has made. Modifies the application to emerging growth companies of any auditing or other professional standards the Public Company Accounting Oversight Board may establish that were proposed by one or more professional groups of accountants. Exempts an emerging growth company from any such rules requiring mandatory audit firm rotation or a supplement to the auditor's report in which the auditor would be required to provide additional information about the audit and the issuer's financial statements (auditor discussion and analysis). Applies this exemption also with respect to any additional rules adopted by the Board after enactment of this Act, unless the SEC decides otherwise and determines that their application to emerging growth companies is necessary or appropriate in the public interest, after considering the protection of investors and whether the action will promote efficiency, competition, and capital formation. Amends SA to deem not to constitute an offer for sale or offer to sell a security, for the purposes of prospectus and specified registration requirements, a broker's or dealer's publication or distribution of a written, electronic, or oral research report about an emerging growth company that is the subject of a proposed public offering of its common equity securities pursuant to a registration statement the issuer proposes to file, or has filed, or that is effective, even if the broker or dealer is participating or will participate in the registered offering of the issuer's securities. Prohibits the SEC and any registered national securities association from adopting or maintaining any conflict-of-interest rule or regulation in connection with an initial public offering of the common equity of an emerging growth company that restricts: (1) which associated persons (based on functional role) of a broker, dealer, or member of a national securities association may arrange for communications between a securities analyst and a potential investor; or (2) a securities analyst from participating in any communications with the management of an emerging growth company that is also attended by any other associated person of a broker, dealer, or member of a national securities association whose functional role is other than as a securities analyst. Authorizes an emerging growth company, or any person authorized to act on behalf of one, to engage in oral or written communications with potential investors that are qualified institutional buyers or institutions that are accredited investors to determine whether such investors might have an interest in a contemplated securities offering, either before or after the filing of a registration statement with the SEC. Prohibits the SEC and any registered national securities association from adopting or maintaining any rule or regulation prohibiting any broker, dealer, or member of a national securities association from publishing or distributing any research report, or making a public appearance, with respect to the securities of an emerging growth company. Amends SA to authorize an emerging growth company, before its initial public offering date, to submit to the SEC a draft registration statement for confidential nonpublic review by SEC staff before the public filing, provided that the initial confidential submission and all amendments to it are publicly filed with the SEC within 21 days before the issuer conducts a "road show." Declares that the SEC, however, shall not be compelled to disclose such information. (A "road show" is an offer that contains a presentation regarding an offering by one or more members of the issuer's management and includes discussion of the issuer, its management, and/or the securities being offered.)

emerging growth companies act amends securities act securities_exchange_act sea define emerging growth company issuer total annual gross revenues billion recently completed fiscal year amends sea dodd frank wall street reform consumer protection act exempt emerging growth companies requirement separate shareholder approval executive compensation including golden parachute compensation state emerging growth company need present years audited financial statements order registration statement respect initial public offering common equity securities effective amends sea state registration statement filed securities_and_exchange_commission sec emerging growth company need present financial data period earliest audited period presented connection initial public offering authorizes sec recognize generally accepted accounting principles established standard setting body addition criteria established accounting principles require emerging growth company comply new revised financial accounting standard effective date earlier applying company issuer amends sarbanes oxley act exempt registered public accounting firm prepares issues report audit emerging growth company requirement attest report assessment internal controls company management modifies application emerging growth companies auditing professional standards public_company_accounting_oversight_board establish proposed professional groups exempts emerging growth company rules requiring mandatory audit firm rotation supplement auditor report auditor required provide additional information audit issuer financial statements auditor discussion analysis applies exemption respect additional rules adopted board enactment act sec decides determines application emerging growth companies necessary appropriate public interest considering protection investors action promote efficiency competition capital formation deem constitute offer sale offer sell security purposes prospectus specified registration requirements broker dealer publication distribution written electronic oral research report emerging growth company subject proposed public offering common equity securities pursuant registration statement issuer proposes file filed effective broker dealer participating participate registered offering issuer securities prohibits sec registered national securities association adopting maintaining conflict interest rule regulation connection initial public offering common equity emerging growth company restricts associated persons based functional role broker dealer member national securities association arrange communications securities analyst potential investor securities analyst participating communications management emerging growth company attended associated person broker dealer member national securities association functional role securities analyst authorizes emerging growth company person authorized act behalf engage oral written communications potential investors qualified institutional buyers institutions accredited investors determine investors interest contemplated securities offering filing registration statement sec prohibits sec registered national securities association adopting maintaining rule regulation prohibiting broker dealer member national securities association publishing distributing research report making public appearance respect securities emerging growth company authorize emerging growth company initial public offering date submit sec draft registration statement confidential nonpublic review sec staff public filing provided initial confidential submission amendments publicly filed sec days issuer conducts road declares sec shall compelled disclose information road offer contains presentation offering members issuer management includes discussion issuer management securities offered


Summary: Startup Expansion and Investment Act - Amends the Sarbanes-Oxley Act of 2002 to revise an exception to rules prescribed by the Securities and Exchange Commission (SEC) that require the annual reports of certain publicly traded securities issuers to contain: (1) an assessment of the issuer's internal control structure and procedures for financial reporting, and (2) an attestation to such assessment by each registered public accounting firm that prepares or issues an audit report for the issuer. Permits an issuer to elect not to provide such an assessment and attestation if the issuer: (1) has a total market capitalization for the relevant reporting period of less than $1 billion, and (2) is not subject to the annual reporting requirement under the Securities Exchange Act of 1934. (Current law exempts issuers with an aggregate worldwide market value of the voting and non-voting common equity held by its non-affiliates of below $75 million, as of the last business day of the issuer's most recently completed second fiscal quarter.) Requires an issuer electing not to provide such assessment and attestation to disclose that decision in its next annual report.

startup expansion investment act amends sarbanes oxley act revise exception rules prescribed securities_and_exchange_commission sec require annual reports certain publicly traded securities issuers contain assessment issuer internal control structure procedures financial reporting attestation assessment registered public accounting firm prepares issues audit report issuer permits issuer elect provide assessment attestation issuer total market capitalization relevant reporting period billion subject annual reporting requirement securities exchange act current law exempts issuers aggregate worldwide market value voting non voting common equity held non affiliates million business day issuer recently completed second fiscal quarter requires issuer electing provide assessment attestation disclose decision annual report


Summary: Startup Act of 2011 - Requires the head of any federal or independent regulatory agency, before issuing a notice of rulemaking in connection with the issuance of a proposed major rule, to complete a review that, among other things, analyzes the problem that the rule intends to address, and identifies and analyzes the rule's expected impact on state, local, and tribal governments, as well as on the ability of new businesses to form and expand. Requires a rule cost-benefit analysis. Amends the Internal Revenue Code to: (1) provide a permanent full tax exclusion on gain from the sale or exchange of qualified small business stock held for more than five years, (2) repeal the minimum tax preference and the 28% capital gains rate on such stock, and (3) provide a limited tax credit for certain startup small businesses. Directs the Comptroller General to assess the costs and benefits to prospective investors, shareholders, and securities markets of allowing smaller stock issuers to opt out of company regulatory requirements of the Sarbanes-Oxley Act of 2002. Directs the Secretary of Commerce to use certain federal agency extramural budget funds to award grants to institutions of higher education for initiatives to improve the commercialization and expedited transfer of university-based research and resultant technology. Establishes the Committee on Research Commercialization Improvement. Amends the Immigration and Nationality Act to authorize the Secretary of Homeland Security to: (1) adjust to conditional permanent resident the status of up to 50,000 aliens who have earned a master's or doctorate degree in a science, technology, engineering, or mathematics field (STEM); and (2) issue a conditional immigrant visa to up to 75,000 qualified alien entrepreneurs. Directs the Secretary of Commerce to regularly compile: (1) information from each of the states and the District of Columbia on laws that affect the formation and growth of new businesses, and (2) quantitative and qualitative information on U.S. businesses that are not more than one year old. Requires related reports.

startup act requires head federal independent regulatory agency issuing notice rulemaking connection issuance proposed major rule complete review things analyzes problem rule intends address identifies analyzes rule expected impact state local tribal governments ability new businesses form expand requires rule cost benefit analysis amends internal revenue code provide permanent tax exclusion gain sale exchange qualified small business stock held years repeal minimum tax preference capital gains rate stock provide limited tax credit certain startup small businesses directs comptroller_general assess costs benefits prospective investors shareholders securities markets allowing smaller stock issuers opt company regulatory requirements sarbanes-oxley_act directs secretary commerce use certain federal agency extramural budget funds award grants institutions higher education initiatives improve commercialization expedited transfer university based research technology amends immigration nationality act authorize secretary homeland_security adjust conditional permanent resident status aliens earned master doctorate degree science technology engineering mathematics field stem issue conditional immigrant visa qualified alien entrepreneurs directs secretary commerce regularly compile information states district_of_columbia laws affect formation growth new businesses quantitative qualitative information businesses year old requires related reports


Summary: Microfinance and Microenterprise Enhancement Act of 2011 - Expresses the sense of Congress that the United States Agency for International Development (USAID) should expand specified microfinance programming. Directs USAID to: (1) modify the Poverty Assessment Tools so that partner organizations can use them for expanded data management purposes, (2) align household-level interventions with interventions that link the poor to expanding economic opportunities, (3) support the development of financial products adapted to the needs of enterprises, (4) support microfinance institutions and providers that are using agriculture-specific tools, (5) promote financial services to meet the needs of poor households for cash flow management and asset accumulation, and (6) support partners that provide informal savings-led and asset building approaches to microfinance. Urges USAID to: (1) consider support for small- and medium-sized enterprises as a means to improve productivity and competitiveness in key subsectors in which large numbers of poor micro-entrepreneurs participate; and (2) support organizations that link social protection programs with microfinance services, savings services, and business development services. Authorizes USAID to utilize 1% of its development assistance account budget for FY2013 through FY2017 for the creation of a financial access and microenterprise innovation challenge fund that shall: (1) support cost-effective and innovative products and technologies that improve the delivery of financial services to the poor, particularly in rural locations; (2) support new microfinance and microenterprise products, services, and delivery systems that show potential to become cost-effective at large scale; and (3) help transition such methods and technologies to widespread adoption.

microenterprise enhancement act expresses sense congress united_states_agency international_development usaid expand specified programming directs usaid modify poverty assessment tools partner organizations use expanded data management purposes align household level interventions interventions link poor expanding economic opportunities support development financial products adapted needs enterprises support institutions providers agriculture specific tools promote financial services meet needs poor households cash flow management asset accumulation support partners provide informal savings led asset building approaches urges usaid consider support small- medium sized enterprises means improve productivity competitiveness key large numbers poor micro entrepreneurs participate support organizations link social protection programs services savings services business development services authorizes usaid utilize development assistance account budget fy2013 fy2017 creation financial access microenterprise innovation challenge fund shall support cost effective innovative products technologies improve delivery financial services poor particularly rural locations support new microenterprise products services delivery systems potential cost effective large scale help transition methods technologies widespread adoption


Summary: Small Business Tax Extenders Act of 2012 - Amends the Internal Revenue Code to extend through 2012: (1) the 100% exclusion from gross income of gain from the sale or exchange of certain small business stock; (2) the five-year carryback of the general business tax credits of eligible small businesses; (3) the offset against the alternative minimum tax (AMT) of general business tax credits; (4) the reduction (from seven to five years) in the recognition period for the built-in gains of S corporations; (5) the increased expensing allowance for depreciable business assets, including computer software; (6) the special tax rule for long-term contract accounting; (7) the increased tax deduction for small business start-up expenditures; and (8) the tax deduction for health insurance premiums in computing self-employment taxable income.

amends internal revenue code extend exclusion gross income gain sale exchange certain small business stock year carryback general business tax credits eligible small businesses offset alternative minimum tax amt general business tax credits reduction seven years recognition period built gains corporations increased expensing allowance depreciable business assets including computer software special tax rule long term contract accounting increased tax deduction small business start expenditures tax deduction health insurance premiums computing self employment taxable income


Summary: Small Business Start-up Support Act of 2012 - Amends the Internal Revenue Code to provide for a permanent increase (from $5,000 to $10,000) in the tax deduction for business start-up expenditures.

small business start support act amends internal revenue code provide permanent increase tax deduction business start expenditures


Summary: Authorizes the Administrator of the Small Business Administration (SBA) to make $4 billion in guarantees of debentures of small business investment companies (SBICs) for programs under title III of the Small Business Investment Act of 1958 (the Act). Amends the Act to increase from $225 million to $350 million the maximum amount of outstanding leverage to be made available by the SBA to two or more commonly-controlled SBICs.

authorizes administrator small_business_administration sba billion guarantees debentures small business investment companies sbics programs title iii small_business_investment_act act amends act increase million million maximum outstanding leverage available sba commonly controlled sbics


Summary: Fairness in Women-Owned Small Business Contracting Act of 2012 - Amends the Small Business Act with respect to the procurement program for women-owned small businesses (providing a federal procurement contracting preference to such businesses) to: (1) remove the requirement that the woman or women owning such business be economically disadvantaged, (2) remove contract award price limits, and (3) allow a contracting officer to award a sole source contract to such a business under the same conditions as such a contract may be awarded to a qualified HUBZone (historically underutilized business zone) small business. Directs the Administrator of the Small Business Administration (SBA) to: (1) periodically conduct a study to identify any U.S. industry in which women are underrepresented; and (2) every five years, report study results to the congressional small business committees.

fairness amends small business act respect procurement program women owned small businesses providing federal procurement contracting preference businesses remove requirement woman women owning business economically disadvantaged remove contract award price limits allow contracting officer award sole source contract business conditions contract awarded qualified hubzone historically underutilized business zone small business directs administrator small_business_administration sba periodically conduct study identify industry women underrepresented years report study results congressional small business committees


Summary: Amends the Small Business Investment Act of 1958 to allow the Administrator of the Small Business Administration (SBA) to guarantee a surety against any loss resulting from the breach of a bid bond, payment bond, performance bond, or bonds ancillary thereto, by a principal on any work order or contract amount up to $5 million (under current law, up to $2 million). Requires the Administrator to reimburse such a surety unless the total contract exceeds such increased amount.

amends small_business_investment_act allow administrator small_business_administration sba guarantee surety loss resulting breach bid bond payment bond performance bond bonds ancillary thereto principal work order contract million current law million requires administrator reimburse surety total contract exceeds increased


Summary: Amends the Internal Revenue Code to allow an eligible small business to elect to expense the cost of its depreciable assets. Defines "eligible small business" as any trade or business that does not have a net profit in any taxable year of more than $1 million.

amends internal revenue code allow eligible small business elect expense cost depreciable assets defines eligible small business trade business net profit taxable year million


Summary: Small Business Taxpayer Bill of Rights Act of 2012 - Amends the Internal Revenue Code to: (1) allow businesses with average annual gross receipts of not more than $50,000 that prevail in an administrative or court proceeding involving the determination, collection, or refund of tax, interest, or penalty to recover their costs incurred in such proceedings; (2) increase the amount of civil damages against Internal Revenue Service (IRS) officers or employees for reckless, intentional, or negligent disregard of internal revenue laws and extend from two to five years the period for bringing a claim for damages; (3) increase the penalties against federal officers or employees for unlawful acts in connection with internal revenue laws and for unauthorized disclosures or inspections of tax returns; and (4) allow a taxpayer whose interest abatement claim does not exceed $50,000 to elect to bring a small tax case petition in U.S. Tax Court. Prohibits ex parte communications between officers in the IRS Office of Appeals and other IRS employees with respect to matters pending before such officers and employees. Authorizes new alternative dispute resolution procedures for taxpayer disputes with the IRS. Extends to three years: (1) the period in which taxpayer property that has been wrongfully levied upon may be returned, and (2) the period for bringing suit against the United States for a wrongful tax levy. Authorizes the waiver of the fee for establishing an installment agreement for payment of tax for certain low-income taxpayers who agree to make electronic debit payments. Allows a taxpayer seeking review of a claim for innocent spouse relief or of a collection case in U.S. Tax Court a 60-day suspension of the period for filing a petition for such review when the U.S. Bankruptcy Court has issued an automatic stay in a bankruptcy case involving the taxpayer's claim. Allows de novo review in U.S. Tax Court of any determination by the IRS with respect to a claim for equitable innocent spouse relief. Prohibits the IRS Office of Appeals from considering or deciding any new issue in an internal appeal that is not within the scope of the initial determination made in a taxpayer's case.

small business taxpayer bill rights act amends internal revenue code allow businesses average annual gross receipts prevail administrative court proceeding involving determination collection refund tax interest penalty recover costs incurred proceedings increase civil damages internal_revenue_service irs officers employees reckless intentional negligent disregard internal revenue laws extend years period bringing claim damages increase penalties federal officers employees unlawful acts connection internal revenue laws unauthorized disclosures inspections tax returns allow taxpayer interest abatement claim exceed elect bring small tax case petition prohibits parte communications officers irs_office_of_appeals irs employees respect matters pending officers employees authorizes new alternative dispute resolution procedures taxpayer disputes irs extends years period taxpayer property wrongfully levied returned period bringing suit united_states wrongful tax levy authorizes waiver fee establishing installment agreement payment tax certain low income taxpayers agree electronic debit payments allows taxpayer seeking review claim innocent spouse relief collection case day suspension period filing petition review issued automatic stay bankruptcy case involving taxpayer claim allows novo review determination irs respect claim equitable innocent spouse relief prohibits irs_office_of_appeals considering deciding new issue internal appeal scope initial determination taxpayer case


Summary: Amends the Small Business Jobs Act of 2010 to extend through September 27, 2013 (under current law, through September 27, 2012) the authority for Small Business Administration (SBA) refinancing of small business debt not involving business expansion under the SBA's local development business loan program.

amends small_business_jobs_act extend september current law september authority small_business_administration sba refinancing small business debt involving business expansion sba local development business loan program


Summary: Vocational and Technical Entrepreneurship Development Act of 2012 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to establish a program to make grants to, or enter into cooperative agreements with, state small business development centers to provide, on a statewide basis, technical assistance to secondary schools, post-secondary vocational or technical schools, or nonprofit organizations that serve youth and young adults for the development and implementation of curricula designed to promote vocational and technical entrepreneurship. Prohibits the Administrator from requiring matching funds as a grant condition. Requires: (1) grant recipients to report to the Administrator on their use of funds, and (2) the Administrator to submit to Congress a program evaluation. Directs the association of small business development centers to act as an information clearinghouse regarding vocational and technical entrepreneurship education programs.

vocational technical entrepreneurship development act amends small business act direct administrator small_business_administration sba establish program grants enter cooperative agreements state small business development centers provide statewide basis technical assistance secondary schools post secondary vocational technical schools nonprofit organizations serve youth young adults development implementation curricula designed promote vocational technical entrepreneurship prohibits administrator requiring matching funds grant condition requires grant recipients report administrator use funds administrator submit congress program evaluation directs association small business development centers act information clearinghouse vocational technical entrepreneurship education programs


Summary: Small Business Common Application Act of 2012 - Directs the Administrator of the Small Business Administration (SBA) to establish and maintain a small business common application and web portal (application and portal) to allow small businesses to submit a single common application for federal assistance provided by any executive agency, including loans and loan guarantees, grants, technical assistance, and counseling services. Establishes in the Economic Development Administration an Executive Committee on a Small Business Common Application, which shall: (1) make recommendations regarding the establishment of the application and portal, (2) monitor their implementation, and (3) make periodic recommendations to the Administrator for their improvement.

small business common application act directs administrator small_business_administration sba establish maintain small business common application web portal application portal allow small businesses submit single common application federal assistance provided executive agency including loans loan guarantees grants technical assistance counseling services establishes small business common application shall recommendations establishment application portal monitor implementation periodic recommendations administrator improvement


Summary: Women's Small Business Ownership Act of 2012 - Amends the Small Business Act to direct the Office of Women's Business Ownership within the Small Business Administration (SBA) to address issues concerning the management, operations, manufacturing, technology, finance, retail and product sales, international trade, government contracting, and other disciplines required for starting, operating, and increasing the business of a small business. Authorizes the SBA Administrator to provide annual training for women's business ownership representatives to enable them to carry out such responsibilities. Authorizes the Administrator to provide financial assistance to qualifying entities to conduct projects designed to provide training and counseling meeting the needs of women business owners, especially socially and economically disadvantaged women business owners. Provides assistance amounts of at least $100,000 and up to $150,000 per year. Directs the Administrator to consult with each association of women's business centers to develop: (1) a training program for the staff of such centers, and (2) recommendations to improve the policies and procedures for governing the general operations and administration of the women's business center program. Outlines application and other requirements for entities to receive assistance to conduct such projects. Directs the Administrator to solicit applications and award grants for the first fiscal year beginning after the enactment of this Act, and every third fiscal year thereafter. Provides for the review and approval of grant applications, as well as conditions for continued funding. Allows for multiple awards to the same entities. Directs the Comptroller General (CG) to study and report to Congress on: (1) the unique economic issues facing women's business centers located in predominately rural, urban, or insular areas; and (2) SBA oversight of women's business centers.

amends small business act direct small_business_administration sba address issues concerning management operations manufacturing technology finance retail product sales international trade government contracting disciplines required starting operating increasing business small business authorizes sba administrator provide annual training women business ownership representatives enable carry responsibilities authorizes administrator provide financial assistance qualifying entities conduct projects designed provide training counseling meeting needs women business owners especially socially economically disadvantaged women business owners provides assistance amounts year directs administrator consult association women business centers develop training program staff centers recommendations improve policies procedures governing general operations administration women business center program outlines application requirements entities receive assistance conduct projects directs administrator solicit applications award grants fiscal year beginning enactment act fiscal year provides review approval grant applications conditions continued funding allows multiple awards entities directs comptroller_general study report congress unique economic issues facing women business centers located predominately rural urban insular areas sba oversight women business centers


Summary: Strengthening Resources for America's Entrepreneurs Act of 2012 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to develop and submit to Congress a plan for using SBA entrepreneurial development programs (EDPs) to create jobs during FY2013-FY2014. Requires the Administrator to: (1) promulgate a rule to develop and implement a consistent data collection process for the EDPs; (2) report annually to Congress on opportunities to foster coordination of, limit duplication among, and improve program delivery for federal EDPs; (3) establish a database of providers of entrepreneurial development services; (4) designate at least one employee in each SBA district office as a community specialist to work with local providers of such services to increase their coordination with federal EDPs; and (5) develop benchmarks for measuring the performance of such specialists.

entrepreneurs act amends small business act direct administrator small_business_administration sba develop submit congress plan sba entrepreneurial development programs create jobs fy2013 fy2014 requires administrator promulgate rule develop implement consistent data collection process report annually congress opportunities foster coordination limit duplication improve program delivery federal establish database providers entrepreneurial development services designate employee sba district office community specialist work local providers services increase coordination federal develop benchmarks measuring performance specialists


Summary: Amends the Small Business Export Development Act to direct the Chief Counsel for Advocacy of the Small Business Administration (SBA) to submit to the congressional small business committees periodic reports, beginning two years after the enactment of this Act, that rank each state and U.S. territory, the District of Columbia, and the 50 largest U.S. metropolitan areas on how well their regulations and policies create optimal environments for the creation and development of small businesses. Designates each such report as a National Small Business Climate Index (Index). Outlines factors to be used to achieve such rankings. Requires the Chief Counsel, within one year after the enactment of this Act, to report to such committees on the progress in preparing the first Index.

amends direct chief counsel advocacy small_business_administration sba submit congressional small business committees periodic reports beginning years enactment act rank state territory district_of_columbia largest metropolitan areas regulations policies create optimal environments creation development small businesses designates report index outlines factors achieve requires chief counsel year enactment act report committees progress preparing index


Summary: Small Business Goaling Act of 2012 - Amends the Small Business Act to raise from 23% to 25% the governmentwide prime contract award goal for participation by small business concerns and to make the governmentwide subcontract participation award goal 40% for such businesses. Revises percentage goals for awards to small businesses owned and controlled by service-disabled veterans, qualified HUBZone (historically underutilized business zone) small businesses, small businesses owned by socially and economically disadvantaged individuals, and small businesses owned by women (small business categories). Requires the small business procurement goals established by the head of each federal agency participating in federal procurement contracts to: (1) be in the same format as the goals established by the President, (2) address both prime contract and subcontract awards, and (3) meet or exceed the government-wide goals for each small business category. Requires each agency head to: (1) consult with the Administrator of the Small Business Administration (SBA) in establishing agency goals, and (2) develop a plan for achieving agency goals. Revises requirements concerning information required to be included in annual reports from: (1) agency heads to the Administrator concerning the extent of small business participation in that agency's procurement contracts; and (2) the Administrator to the President and Congress on whether individual agency goals were achieved, as well as reasons for any failure to achieve such goals. Requires, in the latter reports, information concerning the number and dollar amounts of prime contracts awarded to small businesses owned by an Alaska Native Corporation. Requires training programs established for the development of federal senior executives to include training with respect to federal procurement requirements, including those under the Small Business Act. Requires senior executive performance appraisals to take into account the individual's success in meeting agency small business federal procurement contracting goals.

small business act amends small business act raise governmentwide prime contract award goal participation small business concerns governmentwide subcontract participation award goal businesses revises percentage goals awards small businesses owned controlled service disabled veterans qualified hubzone historically underutilized business zone small businesses small businesses owned socially economically disadvantaged individuals small businesses owned women small business categories requires small business procurement goals established head federal agency participating federal procurement contracts format goals established president address prime contract subcontract awards meet exceed government wide goals small business category requires agency head consult administrator small_business_administration sba establishing agency goals develop plan achieving agency goals revises requirements concerning information required included annual reports agency heads administrator concerning extent small business participation agency procurement contracts administrator president congress individual agency goals achieved reasons failure achieve goals requires reports information concerning number dollar amounts prime contracts awarded small businesses owned alaska native corporation requires training programs established development federal senior executives include training respect federal procurement requirements including small business act requires senior executive performance appraisals account individual success meeting agency small business federal procurement contracting goals


Summary: Startup Act 2.0 - Amends the Immigration and Nationality Act to authorize the Secretary of Homeland Security (DHS) to adjust to conditional permanent resident status up to 50,000 aliens who have earned a master's or doctorate degree in a science, technology, engineering, or mathematics field (STEM field) and permit such an alien to remain in the United States: (1) for up to one year after the expiration of the alien's student visa, if the alien is searching for STEM field employment; and (2) indefinitely if the alien remains actively engaged in a STEM field. Removes a STEM alien's conditional status after five years of maintaining eligibility during the entire five-year period. Authorizes the Secretary to issue conditional immigrant visas to up to 75,000 qualified alien entrepreneurs. Removes such conditional basis after four years of maintaining qualified entrepreneur status. Eliminates the per-country numerical limitation for employment-based visas. Increases the per country numerical limitation for family based immigrants from 7% to 15% of the total number of family-sponsored visas. Amends the Chinese Student Protection Act of 1992 to eliminate the provision requiring the reduction of annual People's Republic of China immigrant visas to offset status adjustments under such Act. Amends the Internal Revenue Code to: (1) provide a permanent full tax exclusion on gain from the sale or exchange of qualified small business stock held for more than five years, (2) repeal the minimum tax preference and the 28% capital gains rate on such stock, and (3) provide a limited tax credit for certain startup small businesses. Directs the Secretary of Commerce to use certain federal agency extramural budget funds to award grants to institutions of higher education for initiatives to improve commercialization and transfer of technology. Requires the head of any federal or independent regulatory agency, before issuing a notice of rulemaking in connection with the issuance of a proposed major rule, to complete a review that, among other things, analyzes the problem that the rule intends to address, and identifies and analyzes the rule's expected impact on state, local, and tribal governments, as well as on the ability of new businesses to form and expand. Requires a cost-benefit analysis before rule issuance. Directs the Secretary of Commerce to regularly compile: (1) information from each of the states and the District of Columbia on laws that affect the formation and growth of new businesses, and (2) quantitative and qualitative information on U.S. businesses that are not more than one year old.

startup act amends immigration nationality act authorize secretary homeland_security dhs adjust conditional permanent resident status aliens earned master doctorate degree science technology engineering mathematics field stem field permit alien remain united_states year expiration alien student visa alien searching stem field employment indefinitely alien remains actively engaged stem field removes stem alien conditional status years maintaining eligibility entire year period authorizes secretary issue conditional immigrant visas qualified alien entrepreneurs removes conditional basis years maintaining qualified entrepreneur status eliminates country numerical limitation employment based visas increases country numerical limitation family based immigrants total number family sponsored visas amends chinese_student_protection_act eliminate provision requiring reduction annual immigrant visas offset status adjustments act amends internal revenue code provide permanent tax exclusion gain sale exchange qualified small business stock held years repeal minimum tax preference capital gains rate stock provide limited tax credit certain startup small businesses directs secretary commerce use certain federal agency extramural budget funds award grants institutions higher education initiatives improve commercialization transfer technology requires head federal independent regulatory agency issuing notice rulemaking connection issuance proposed major rule complete review things analyzes problem rule intends address identifies analyzes rule expected impact state local tribal governments ability new businesses form expand requires cost benefit analysis rule issuance directs secretary commerce regularly compile information states district_of_columbia laws affect formation growth new businesses quantitative qualitative information businesses year old


Summary: Small Business Export Growth Act of 2012 - Amends the Export Enhancement Act of 1988 to revise the duties of the Trade Promotion Coordinating Committee (TPCC). Requires the TPCC to: (1) identify opportunities to consolidate or co-locate offices of federal agencies involved in export promotion and export financing activities; (2) assess the use and coordination of electronic databases among federal agencies in support of such activities; and (3) provide a detailed listing of current and future federal and state-led trade missions, trade fairs, and related activities to ensure better delivery of services to U.S. businesses. Requires the Secretary of Commerce to make available information on federal and state-led trade missions, trade fairs, and related activities on the Export.gov website. Requires the governmentwide strategic plan for federal trade promotion efforts to: (1) clearly identify and explain the role, goals, and objectives of each TPCC member agency with respect its export promotion and export financing activities; (2) include any recommendations of the Comptroller General relating to coordination of the TPCC and member agencies; and (3) reflect the recommendations of the U.S. Travel Association (currently, U.S. National Tourism Organization) to the degree considered appropriate by the TPCC. Revises membership of the TPCC to include one member that represents state agencies with responsibility for export promotion and export financing. Requires the Inspector General of the Department of Commerce to report annually to Congress on the extent to which the TPCC is successfully carrying out its duties. Requires certain reports to Congress: (1) on recommendations for improving access about export information (including state resources) on the Export.gov website, and (2) for developing a single website for complying with and disseminating information about U.S. export control laws and regulations. Amends the Small Business Act to require that the nationwide marketing effort of the Associate Administrator of the Office of International Trade of the Small Business Administration (SBA), in promoting sales opportunities for the export of small business goods and services, to conduct at least one outreach event each fiscal year in each state. Directs the SBA Administrator to establish a small business export matchmaking pilot program designed to facilitate contact between U.S. small businesses and potential foreign buyers or international clients. Directs the SBA Administrator, the Secretary of Agriculture, the U.S. Export-Import Bank, and the Overseas Private Investment Corporation (OPIC) to jointly establish a Small Business Inter-Agency Task Force on Export Financing.

amends export enhancement act revise duties requires identify opportunities consolidate locate offices federal agencies involved export promotion export financing activities assess use coordination electronic databases federal agencies support activities provide detailed listing current future federal state led trade missions trade fairs related activities ensure better delivery services businesses requires secretary commerce available information federal state led trade missions trade fairs related activities website requires governmentwide strategic plan federal trade promotion efforts clearly identify explain role goals objectives member agency respect export promotion export financing activities include recommendations comptroller general relating coordination member agencies reflect recommendations currently degree considered appropriate revises membership include member represents state agencies responsibility export promotion export financing requires inspector general department_of_commerce report annually congress extent successfully carrying duties requires certain reports congress recommendations improving access export information including state resources website developing single website complying disseminating information export control laws regulations amends small_business_act require nationwide marketing effort associate_administrator sba promoting sales opportunities export small business goods services conduct outreach event fiscal year state directs sba administrator establish small business export pilot program designed facilitate contact small businesses potential foreign buyers international clients directs sba administrator secretary agriculture overseas_private_investment_corporation opic jointly establish small business inter agency task force export financing


Summary: SCORE Program Improvement Act of 2012 - Establishes the SCORE Advisory Board to: (1) review and monitor plans and programs which affect SCORE (Service Corps of Retired Executives) chapters; (2) advise on improving coordination between such plans and programs; (3) advise SCORE chapters on the use of allocated federal funding; (4) develop and promote initiatives, policies, programs, and plans designed to assist with mentoring services offered by SCORE chapters; and (5) advise the Administrator of the Small Business Administration (SBA) on the development and implementation of an annual comprehensive plan for joint public-private efforts to facilitate the formation and development of mentoring by SCORE volunteers. Requires an annual activities report from the Board to the President and the congressional small business committees. Amends the Small Business Act to reauthorize the SCORE program through FY2015. Limits the rate of pay of the SCORE chief executive officer to the maximum rate within the Senior Executive Service. Directs SCORE to establish a committee to determine the amount of, and methods for, allocations to each chapter. Requires the Comptroller General to: (1) conduct a study that includes an examination of each SCORE expenditure for technology activities and the result of each expenditure; and (2) report study results to Congress.

establishes review monitor plans programs affect chapters advise improving coordination plans programs advise score chapters use allocated federal funding develop promote initiatives policies programs plans designed assist mentoring services offered score chapters advise administrator small_business_administration sba development implementation annual comprehensive plan joint public private efforts facilitate formation development mentoring score volunteers requires annual activities report board president congressional small business committees amends small_business_act reauthorize score program fy2015 limits rate pay score chief executive officer maximum rate senior_executive_service directs score establish committee determine methods allocations chapter requires comptroller general conduct study includes examination score expenditure technology activities result expenditure report study results congress


Summary: Expanding Access to Capital for Entrepreneurial Leaders Act or EXCEL Act - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses. Increases the maximum amount of outstanding leverage for two or more commonly-controlled SBICs. Authorizes annual inflationary adjustments of such limits. Directs the Administrator to make publicly available on the SBA website specified fiscal and related information with respect to each SBIC. Allows SBIC licensing fees to be used by the SBA for SBIC program needs other than the costs of licensing examinations. Expresses the sense of Congress that SBICs would benefit from partnerships with community banks and other lenders, and that the Administrator should: (1) increase outreach to such banks and lenders for investment in SBICs; (2) use the Internet to publicize which SBICs are soliciting and making investments in small businesses; (3) partner with governors, mayors, states, and municipalities to increase outreach by SBICs to underserved and rural areas; and (4) revise and update the SBIC program webpage to make it more prominent and user-friendly.

expanding access capital entrepreneurial leaders act small_business_investment_act authorize administrator small_business_administration sba guarantee payment billion fiscal year debentures participating securities issued small business investment companies sbics encourage formation growth small businesses increases maximum outstanding leverage commonly controlled sbics authorizes annual adjustments limits directs administrator publicly available sba website specified fiscal related information respect sbic allows sbic licensing fees sba sbic program needs costs licensing examinations expresses sense congress sbics benefit partnerships community banks lenders administrator increase outreach banks lenders investment sbics use internet publicize sbics soliciting making investments small businesses partner governors states municipalities increase outreach sbics underserved rural areas revise update sbic program webpage prominent user friendly


Summary: Go Global Act of 2012 - Amends the Small Business Act to allow the Administrator of the Small Business Administration (SBA) to employ additional export finance specialists in the 15 states with the greatest volume of exports, as determined through a study required under the Small Business Jobs Act of 2010. Directs the Administrator to develop a program to cross-train export finance specialists: (1) with personnel within the SBA's Office of International Trade (Office) on the export financing programs of the Department of Agriculture (USDA) and the Foreign Agricultural Service (FAS); and (2) with personnel within such Office, small business development centers, women's business centers, the Service Corps of Retired Executives, export assistance centers, and other SBA resource partners on the export assistance and business counseling programs of the USDA. Requires: (1) information on loans provided through programs of the USDA and FAS to be included in a required annual SBA list of export finance lenders, and (2) an annual SBA list of rural export assistance resources. Directs the Administrator to establish a program to register export management companies and export trading companies. Requires the Office to encourage the participation of SBA employees and resource partners in reverse trade missions hosted or sponsored by the federal government. Authorizes the Administrator to waive section 7(a) (general small business loans) loan fees in the case of a small business: (1) exporting for the first time, or (2) certified as eligible to apply for trade adjustment assistance under the Trade Act of 1974. Requires the Administrator to report to the small business committees, in each of FY2013-FY2016, on such fee waivers. Provides a specified reallocation of funds from the Community Adjustment and Investment Program to the SBA's Export Expansion Investment Program. Amends the Small Business Jobs Act of 2010 to add the Commonwealth of the Northern Mariana Islands to the list of U.S. territories and possessions eligible for SBA grants to carry out export programs that assist certain small businesses. Expresses the sense of Congress in support of: (1) small business representation on international trade promotion advisory panels, councils, and boards; and (2) detailing SBA staff to other federal agencies for training on export assistance programs. Directs the SBA's Associate Administrator for International Trade to: (1) develop and maintain a small business trade strategy to be included within the government-wide strategic plan for federal trade promotion, and (2) report annually to the small business committees on such strategy. Requires the Administrator to report to such committees on any SBA memoranda of understanding entered into and their benefit to small businesses.

amends small business act allow administrator small_business_administration sba employ additional export finance specialists states greatest volume exports determined study required small_business_jobs_act directs administrator develop program cross train export finance specialists personnel sba export financing programs department_of_agriculture usda personnel office small business development centers women business centers service_corps_of_retired_executives export assistance centers sba resource partners export assistance business counseling programs usda requires information loans provided programs usda included required annual sba list export finance lenders annual sba list rural export assistance resources directs administrator establish program register export management companies export trading companies requires office encourage participation sba employees resource partners reverse trade missions sponsored federal government authorizes administrator waive section general small business loans loan fees case small business exporting time certified eligible apply trade adjustment assistance trade act requires administrator report small business committees fy2013 fy2016 fee waivers provides specified reallocation funds sba amends small_business_jobs_act add commonwealth northern mariana islands list territories possessions eligible sba grants carry export programs assist certain small businesses expresses sense congress support small business representation international trade promotion advisory panels councils boards detailing sba staff federal agencies training export assistance programs directs sba associate_administrator international_trade develop maintain small business trade strategy included government wide strategic plan federal trade promotion report annually small business committees strategy requires administrator report committees sba memoranda understanding entered benefit small businesses


Summary: Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and  relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.

bring jobs home act amends internal revenue code grant business taxpayers tax credit insourcing expenses incurred eliminating business located outside united_states relocating united_states deny tax deduction outsourcing expenses incurred relocating business outside united_states requires increase taxpayer employment time employees united_states order claim tax credit insourcing expenses


Summary: Small Refiner Relief Act of 2012 - Defines "small business refiner" for purposes of administering any law under the Environmental Protection Agency's (EPA) jurisdiction to mean, with respect to any taxable year, a refiner of crude oil: (1) with respect to which not more than 1,500 individuals are engaged in the business's refinery operations on any day during such year, and (2) the average daily domestic refinery run or average retained production of which for all facilities of the taxpayer during any calendar year did not exceed 205,000 barrels.

small refiner relief act defines small business refiner purposes administering law environmental_protection_agency epa jurisdiction mean respect taxable year refiner crude oil respect individuals engaged business refinery operations day year average daily domestic refinery run average retained production facilities taxpayer calendar year exceed barrels


Summary: Success Ultimately Comes from Capital, Contracting, Education, Strategic Partnerships, and Smart Regulations Act of 2012 or SUCCESS Act of 2012 - Amends the Internal Revenue Code to temporarily extend: (1) the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock, (2) the increased tax deduction for business start-up expenses, (3) a reduction from 10 to 5 years in the recognition period for built-in gains of S corporations, (4) the five-year carryback of tax credit amounts of eligible small businesses, and (5) the increased expensing of depreciable business assets. EXCEL Act of 2012- Amends the Small Business Investment Act of 1958 to: (1) authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses, (2) increase the maximum amount of outstanding leverage for two or more commonly-controlled SBICs, (3) authorize annual inflationary adjustments of such limits, (4) direct the Administrator to make publicly available specified fiscal and related information with respect to each SBIC, and (5) allow SBIC licensing fees to be used for SBIC program needs other than the costs of licensing examinations. Expresses the sense of Congress supporting SBIC partnerships with community banks and other lenders. Amends the Small Business Jobs Act of 2010 to extend through March 27, 2014 (under current law, through September 27, 2012) the authority for SBA refinancing of small business debt not involving business expansion under the SBA's local development business loan program. Amends the Small Business Act to direct the Administrator to make publicly available a user-friendly database of information related to lenders making loans under such Act or the Small Business Investment Act of 1958. Small Business Export Growth Act of 2012 - Requires certain reports to Congress: (1) on improving access to export information on the Export.gov website, and (2) for developing a single website for complying with and disseminating information about U.S. export control laws and regulations. Requires: (1) at least one outreach event each fiscal year in each state with respect to sales opportunities for the export of small business goods and services, (2) the establishment of a Small Business Inter-Agency Task Force on Export Financing, (3) a program to cross-train export finance specialists with respect to the promotion of exports by rural small businesses, (4) a program to register export management companies, and (5) development of a small business trade strategy. Adds the Commonwealth of the Northern Mariana Islands to the list of U.S. territories and possessions eligible for SBA grants to carry out export programs that assist certain small businesses. Directs the Administrator to develop and submit to Congress a plan for using SBA entrepreneurial development programs to create jobs during FY2013-FY2014. Women's Small Business Ownership Act of 2012 - Directs the SBA's Office of Women's Business Ownership to address issues concerning the management, operations, manufacturing, technology, finance, retail and product sales, international trade, government contracting, and other disciplines required for starting, operating, and increasing the business of a small business. Authorizes the Administrator to provide financial assistance to qualifying entities to conduct projects designed to provide training and counseling meeting the needs of women business owners, especially socially and economically disadvantaged women business owners. Directs the Comptroller General (CG) to study and report to Congress on: (1) the unique economic issues facing women's business centers located in predominately rural, urban, or insular areas; and (2) SBA oversight of women's business centers. Requires that, after December 31, 2013, the Administrator make certain minority entrepreneurship and innovation grants only to institutions of higher education that are accredited (and not merely in preaccreditation status) by a nationally recognized accrediting agency. Increases SBDC funding levels. Allows the Administrator to authorize a SBDC to provide assistance to small businesses outside the state of that SBDC, without regard to geographical proximity, if the small business is in an area for which the President has declared a major disaster. Terminates SBDC authority to assist small businesses in responding to the impact of planned closures or force reductions at nearby military facilities. Repeals: (1) the Paul D. Coverdell drug-free workplace demonstration program, and (2) the National Veterans Business Development Corporation. Allows the Administrator to guarantee a surety against any loss resulting from the breach of a bond by a principal on any work order or contract amount up to $5 million (under current law, up to $2 million). Requires the Administrator to reimburse such a surety unless the total contract exceeds such increased amount. Small Business Contracting Fraud Prevention Act of 2012 - Includes under penalties for misrepresentation a business that misrepresents itself as a small business owned and controlled by service-disabled veterans. Includes under such penalties misrepresentation for purposes of the award of a grant or cooperative agreement through the SBA. Expands authorized remedies to include civil remedies available under the False Claims Act, as well as the amount actually received from the federal government under a contract, grant or cooperative agreement, or losses sustained. Provides additional events or instances under which an entity shall be considered to have misrepresented its status. Requires an entity seeking status as a small business owned and controlled by service-disabled veterans to submit an annual certification of such status, and to register with specified databases that track veteran small businesses. Amends the 8(a) (SBA general small business loan) program to direct the CG, every three years, to evaluate the program and report evaluation results. Requires related program oversight by the Administrator. Directs the Administrator to: (1) ensure the accuracy and appropriate revision of HUBZone (heavily underutilized business zone) maps, (2) ensure that only small businesses determined to be qualified to participate in HUBZone programs are participating, (3) report on HUBZone small business applications or recertifications, and (4) develop measures and implement plans to assess the effectiveness of the HUBZone program. Requires an annual report from the Administrator on suspensions, debarments, and prosecutions related to unauthorized participation in, or misrepresentation under, SBA programs. Fairness in Women-Owned Small Business Contracting Act of 2012 - Revises provisions concerning the procurement program for women-owned small businesses (providing a federal procurement contracting preference to such businesses) to: (1) remove the requirement that the woman or women owning such business be economically disadvantaged, (2) remove contract award price limits, and (3) allow a contracting officer to award a sole source contract to such a business under the same conditions as such a contract may be awarded to a qualified HUBZone small business. Directs the Administrator to periodically conduct a study to identify any U.S. industry in which women are underrepresented. Small Business Champion Act of 2012 - Requires the Director of the Small and Disadvantaged Business Utilization (established in each federal agency having procurement functions) to be compensated at least at the GS-15 rate, and allows such position to be compensated at up to a Senior Executive Service level. Provides additional Director duties. Amends the Federal Acquisition Streamlining Act of 1994 to require the Small Business Procurement Advisory Council to: (1) conduct reviews of each Office of Small and Disadvantaged Business Utilization to determine compliance with SBA requirements, and (2) identify best practices for maximizing small business utilization in federal contracting. Expresses the sense of Congress in support of reduced paperwork burdens on small businesses and in maximizing their use of common applications in interaction with federal agencies. Establishes the Executive Committee on a Small Business Common Application. Requires a CG report evaluating the status of programs authorized and amendments made under this Act.

capital contracting education smart regulations act success act amends internal revenue code temporarily extend exclusion gross income gain sale exchange qualified small business stock increased tax deduction business start expenses reduction years recognition period built gains corporations year carryback tax credit amounts eligible small businesses increased expensing depreciable business assets authorize administrator small_business_administration sba guarantee payment billion fiscal year debentures participating securities issued small business investment companies sbics encourage formation growth small businesses increase maximum outstanding leverage commonly controlled sbics authorize annual adjustments limits direct administrator publicly available specified fiscal related information respect sbic allow sbic licensing fees sbic program needs costs licensing examinations expresses sense congress supporting sbic partnerships community banks lenders amends small_business_jobs_act extend march current law september authority sba refinancing small business debt involving business expansion sba local development business loan program amends small_business_act direct administrator publicly available user friendly database information related lenders making loans act small_business_investment_act requires certain reports congress improving access export information website developing single website complying disseminating information export control laws regulations requires outreach event fiscal year state respect sales opportunities export small business goods services establishment small business inter agency task force export financing program cross train export finance specialists respect promotion exports rural small businesses program register export management companies development small business trade strategy adds commonwealth northern mariana islands list territories possessions eligible sba grants carry export programs assist certain small businesses directs administrator develop submit congress plan sba entrepreneurial development programs create jobs fy2013 fy2014 directs sba address issues concerning management operations manufacturing technology finance retail product sales international trade government contracting disciplines required starting operating increasing business small business authorizes administrator provide financial assistance qualifying entities conduct projects designed provide training counseling meeting needs women business owners especially socially economically disadvantaged women business owners directs comptroller_general study report congress unique economic issues facing women business centers located predominately rural urban insular areas sba oversight women business centers requires december administrator certain minority entrepreneurship innovation grants institutions higher education accredited merely status nationally recognized accrediting agency increases sbdc funding levels allows administrator authorize sbdc provide assistance small businesses outside state sbdc regard geographical proximity small business area president declared major disaster terminates sbdc authority assist small businesses responding impact planned closures force reductions nearby military facilities repeals paul coverdell drug free workplace demonstration program allows administrator guarantee surety loss resulting breach bond principal work order contract million current law million requires administrator reimburse surety total contract exceeds increased includes penalties misrepresentation business misrepresents small business owned controlled service disabled veterans includes penalties misrepresentation purposes award grant cooperative agreement sba expands authorized remedies include civil remedies available false claims act actually received federal government contract grant cooperative agreement losses sustained provides additional events instances entity shall considered misrepresented status requires entity seeking status small business owned controlled service disabled veterans submit annual certification status register specified databases track veteran small businesses amends sba general small business loan program direct years evaluate program report evaluation results requires related program oversight administrator directs administrator ensure accuracy appropriate revision hubzone heavily underutilized business zone maps ensure small businesses determined qualified participate hubzone programs participating report hubzone small business applications develop measures implement plans assess effectiveness hubzone program requires annual report administrator suspensions prosecutions related unauthorized participation misrepresentation sba programs fairness revises provisions concerning procurement program women owned small businesses providing federal procurement contracting preference businesses remove requirement woman women owning business economically disadvantaged remove contract award price limits allow contracting officer award sole source contract business conditions contract awarded qualified hubzone small business directs administrator periodically conduct study identify industry women underrepresented small business act requires director small disadvantaged_business_utilization established federal agency having procurement functions compensated rate allows position compensated senior_executive_service level provides additional director duties amends require conduct reviews office_of_small disadvantaged_business_utilization determine compliance sba requirements identify best practices maximizing small business utilization federal contracting expresses sense congress support reduced paperwork burdens small businesses maximizing use common applications interaction federal agencies establishes small business common application requires report evaluating status programs authorized amendments act


Summary: SCORE for Small Business Act of 2012 - Amends the Small Business Act to reauthorize for FY2013-FY2015 the SCORE program (the Service Corps of Retired Executives, which provides free mentoring and related services to small businesses). Requires the Administrator of the Small Business Administration (SBA) to ensure that SCORE volunteers are adequately oriented and trained in areas and disciplines necessary to ensure successful, outcome-oriented interactions relating to services provided by the SCORE program. Directs the Administrator to ensure that the SCORE program and each SCORE chapter develop and implement plans and goals: (1) for outreach to individuals in rural, ethnically diverse, minority, and underserved communities; and (2) to more effectively and efficiently provide services to individuals in such communities. Requires the SCORE Association to report annually to the Administrator on SCORE counseling and training, as well as on the number of small businesses created or expanded with SCORE assistance. Outlines privacy requirements of the Administrator and the SCORE Association with respect to the disclosure of information concerning businesses assisted under the SCORE program.

score small business act amends small business act reauthorize fy2013 fy2015 score program service_corps_of_retired_executives provides free mentoring related services small businesses requires administrator small_business_administration sba ensure score volunteers adequately oriented trained areas disciplines necessary ensure successful outcome oriented interactions relating services provided score program directs administrator ensure score program score chapter develop implement plans goals outreach individuals rural ethnically diverse minority underserved communities effectively efficiently provide services individuals communities requires report annually administrator score counseling training number small businesses created expanded score assistance outlines privacy requirements administrator respect disclosure information concerning businesses assisted score program