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House Bill 6431
119th Congress(2025-2026)
New Opportunities for Business Ownership and Self-Sufficiency Act
Introduced
Introduced
Introduced in House on Dec 4, 2025
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H. R. 6431 (Reported-in-House)

Union Calendar No. 435

119th CONGRESS
2d Session
H. R. 6431

[Report No. 119–509]


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

IN THE HOUSE OF REPRESENTATIVES

December 4, 2025

Mr. Carey (for himself, Mr. Landsman, Mr. Miller of Ohio, Mr. Yakym, Mr. Feenstra, and Mr. Moran) introduced the following bill; which was referred to the Committee on Ways and Means

February 20, 2026

Additional sponsor: Mr. Vindman

February 20, 2026

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

[Strike out all after the enacting clause and insert the part printed in italic]

[For text of introduced bill, see copy of bill as introduced on December 4, 2025]

A BILL

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

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

SECTION 1. Short title.

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

SEC. 2. Modification of rules governing State administration of self-employment assistance programs.

(a) Elimination of requirement that participants are likely to exhaust regular unemployment compensation.—Section 3306(t)(3) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B) and by redesignating subparagraphs (C) and (D) as subparagraphs (B) and (C), respectively.

(b) Modification of requirement To participate in self-Employment assistance activities.—Section 3306(t)(3)(B) of such Code, as redesignated by subsection (a), is amended to read as follows:

“(B) are participating in self-employment assistance activities which are approved by the State agency and either—

“(i) include entrepreneurial training, business counseling, and technical assistance; or

“(ii) are performed pursuant to a business plan and market feasibility study submitted by the individual and approved by the State or an agency designated by the State; and”.

(c) Weekly certification requirement.—Section 3306(t)(3)(C) of such Code, as redesignated by subsection (a), is amended by inserting “and are certifying such activities on at least a weekly basis to an agency designated by the State” before the semicolon at the end.

(d) Adjustment of limitation on number of individuals participating.—Section 3306(t)(4) of such Code is amended by striking “5” and inserting “10”.

(e) Effective date.—The amendments made by this section shall apply beginning on the date that is 2 years after the date of enactment of this Act, except that nothing in this section shall be interpreted to prevent a State from amending its law before the end of the 2-year period beginning on the date of the enactment of this Act.

(f) Issuance of regulations.—The Secretary of Labor shall, after public notice and comment and subject to approval by the Office of Management and Budget, adopt regulations to administer this Act.

(g) Issuance of guidance.—The Secretary of Labor shall provide guidance to State workforce agencies that includes—

(1) a model list of self-employment assistance activities that fulfill requirements of the program under section 3306(t) of the Internal Revenue Code of 1986; and

(2) best practices for verification of completion of such activities.

Union Calendar No. 435

119th CONGRESS
     2d Session
H. R. 6431
[Report No. 119–509]
A BILL
To amend the Internal Revenue Code of 1986 to modify the rules governing the State administration of self-employment assistance programs.
February 20, 2026
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed