Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 8745
116th Congress(2019-2020)
Innovation Centers Acceleration Act
Introduced
Introduced
Introduced in House on Nov 12, 2020
Overview
Text
Introduced
Nov 12, 2020
Latest Action
Nov 13, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8745
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Joe Morelle
New York
Democrat
Terri Sewell
Alabama
Democrat
Eleanor Holmes Norton
District of Columbia
Democrat
Ed Case
Hawaii
Democrat
Bill Foster
Illinois
Democrat
Dean Phillips
Minnesota
Democrat
Bennie Thompson
Mississippi
Democrat
Deb Haaland
New Mexico
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Innovation Centers Acceleration Act

This bill provides a program to advance economic development by designating nine cities as innovation centers—increasing funding for research and development—and providing and modifying certain related grants. It also establishes the Innovation Center Selection Committee to designate these cities.

The innovation center designation entitles participating cities—and the businesses, research institutions, and other organizations that operate within them—to various federal funding and benefits for research activities, business and workforce development, and transportation infrastructure projects.

These benefits include expanding various tax credits and incentives for businesses. The bill also makes it easier for those businesses to access loans and other financial instruments to raise capital.

In addition, the bill establishes a grant program for local and tribal governments that partner with innovation centers to develop and preserve affordable housing. It also modifies existing grants, loans, and other programs that support transportation infrastructure to specifically target initiatives in innovation centers.

Text (1)
Introduced in House
November 12, 2020
Related Bills (1)
Sep 17, 2020
Introduced in Senate
2
Sponsorship
Senate Bill 4624
Innovation Centers Acceleration Act
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (3)
11/13/2020
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
11/12/2020
Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
11/12/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:17 PM
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