arrow_back Back to App

Easier Access to Unemployment Funds for Starting a Business.

This law makes it easier for unemployed individuals to use their benefits while starting a new business through state self-employment assistance programs. It removes the requirement that participants must be close to exhausting their regular benefits, doubles the number of people who can enroll in the program, and clarifies the required activities, such as business training or executing an approved business plan. The goal is to boost self-sufficiency and job creation.
Key points
Expanded Eligibility: Unemployed individuals can start receiving self-employment assistance sooner, without having to wait until their regular benefits are almost depleted.
Increased Program Capacity: States can enroll up to 10% (up from 5%) of unemployment recipients into business start-up programs.
Clearer Requirements: Participants must actively engage in approved activities, like training or following a business plan, and certify their progress weekly.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6431
Sponsor: Rep. Carey, Mike [R-OH-15]
Process start date: 2025-12-04
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

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 119_HR_6431.

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 2025-12-04.

What are the main provisions?

Key points include:

  • Expanded Eligibility: Unemployed individuals can start receiving self-employment assistance sooner, without having to wait until their regular benefits are almost depleted.
  • Increased Program Capacity: States can enroll up to 10% (up from 5%) of unemployment recipients into business start-up programs.
  • Clearer Requirements: Participants must actively engage in approved activities, like training or following a business plan, and certify their progress weekly.
What is the specific legal status?

The current status is Introduced.

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: Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 41 - 0.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Labor Benefits Economy