S. 256 (112th): American Opportunity Act of 2011

Feb 02, 2011 (112th Congress, 2011–2013)
Died (Referred to Committee)
Mark Pryor
Senior Senator from Arkansas
Read Text »
Last Updated
Feb 02, 2011
15 pages
Related Bills
S. 1960 (Related)
Jobs Creation Act

Referred to Committee
Last Action: Dec 07, 2011


This bill was introduced on February 2, 2011, in a previous session of Congress, but was not enacted.

Introduced Feb 02, 2011
Referred to Committee Feb 02, 2011
Full Title

A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in small business concerns.


No summaries available.

2 cosponsors (1D, 1R) (show)

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


Get a bill status widget for your website »


Click a format for a citation suggestion:


S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

American Opportunity Act of 2011 - Amends the Internal Revenue Code to allow a tax credit for 25% of a qualified equity investment in a qualified small business entity.
Defines "qualified small business entity" as a domestic corporation or partnership that:
(1) is a small business headquarted in the United States,
(2) is engaged in a high technology trade or business,
(3) has been in existence for less than five years as of the date of the qualified equity investment, and
(4) employs less than 100 full-time employees, more than 50% of whom perform substantially all of their services in the United States. Limits the dollar amount of such credit to $500 million for each of calendar years 2011 through 2015.
Requires: (1) the Secretary of the Treasury to prescribe regulations on the allocations of such credit to a small business entity, and (2) the Comptroller General to audit the investment tax credit program.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of S. 256 (112th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus