OFFICIAL LEGAL TITLE
New Opportunities for Business Ownership and Self-Sufficiency Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 118_HR_8605.
Which chamber initiated this legislation?
This legislation was initiated in the House of Representatives.
When did the legislative process begin?
The process officially started on 2024-06-04.
What are the main provisions?
Key points include:
- Eligibility Change: The Act eliminates the requirement that participants be identified as likely to exhaust regular unemployment compensation.
- Increased Capacity: The limitation on the number of individuals participating in the program is adjusted from 5 percent to 10 percent.
- Weekly Certification: Participants are required to certify their self-employment assistance activities on at least a weekly basis to a state-designated agency.
What is the specific legal status?
The current status is Expired.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Rep. Carey, Mike [R-OH-15].
What is the latest detailed status?
The latest detailed status is: Referred to the Subcommittee on Work and Welfare.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.
What is the impact of this bill?
We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.