Bill · H.R. 6431· House(119-HR-6431)
New Opportunities for Business Ownership and Self-Sufficiency Act
- Introduced
- 12/4/2025
- Last activity
- 4/28/2026 — Received in the Senate and Read twice and referred to the Committee on Finance.
- Sponsored by
- Mike Carey
- Cosponsors
- - 4 - 2
- Introduced
- Passed House
- In Senate committee
What this bill would do
This Act, titled the "New Opportunities for Business Ownership and Self-Sufficiency Act," seeks to amend the Internal Revenue Code of 1986. It specifically modifies the rules regarding how states administer self-employment assistance programs. The bill eliminates the requirement that participants must be likely to exhaust regular unemployment compensation. It also modifies requirements for participating in approved self-employment activities and introduces a weekly certification requirement. Additionally, the bill increases the limitation on the number of individuals participating in these programs.
Yes· 3 of 7
Does this make it easier to run a small business?+5
The bill enhances support for new entrepreneurs by allowing activities to include training, counseling, and technical assistance based on approved business plans.
Does this increase support for people who lose their jobs?+4
The bill makes it easier to access self-employment assistance by eliminating the requirement that participants are likely to exhaust regular unemployment compensation.
Would business owners be better off under this?+4
The bill facilitates the start of new businesses by expanding and diversifying self-employment assistance activities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Participation Capacity: The bill increases the limitation on the number of individuals participating in these programs from 5 to 10 under Section 2(d). This could allow more people to access the program.
-
Expanded Activity Options: Under Section 2(b), self-employment assistance activities can include entrepreneurial training, business counseling, and technical assistance, or activities performed pursuant to a business plan and market feasibility study approved by a State or its designated agency.
-
Removal of Exhaustion Requirement: Section 2(a) strikes the requirement that participants are likely to exhaust regular unemployment compensation, which changes how individuals qualify for these programs.
Potential Negative Impacts for People
- Increased Administrative Burden for Participants: Section 2(c) adds a requirement where individuals must be certifying their activities on at least a weekly basis to an agency designated by the State.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+5Increases Unemployment Benefits+4Increases Job Creation+3
- Demographic And Interest Groups
- Good For Business Owners+4Good For Low Income Households+3Good For Union Workers+2
- Social Issues And Justice
- Improves Poverty Reduction+2
- 4/28/2026
- Received in the Senate and Read twice and referred to the Committee on Finance.
- 4/27/2026
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3114)
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3114)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 6431.
- Considered under suspension of the rules. (consideration: CR H3114-3115)
- Mr. Carey moved to suspend the rules and pass the bill, as amended.
- 2/20/2026
- Reported (Amended) by the Committee on Ways and Means. H. Rept. 119-509.
- Placed on the Union Calendar, Calendar No. 435.
- 1/14/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 41 - 0.
- 12/17/2025
- 1 Cosponsor added.
- 12/4/2025
- Referred to the House Committee on Ways and Means.
- 5 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Randy FeenstraRepublican · Iowa
Greg LandsmanDemocrat · Ohio
Max MillerRepublican · Ohio
Nathaniel MoranRepublican · Texas
Eugene VindmanDemocrat · Virginia
Rudy YakymRepublican · Indiana