[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-1199":4},null,{"bill":5,"indexable":134,"summaries":135,"cosponsors":141,"cosponsorSlugs":142,"actions":143,"amendments":162,"amendmentSponsorSlugs":163,"linkages":164,"sponsorSlug":165},{"statusDate":6,"sponsor":7,"cboCostEstimates":15,"originChamber":16,"congress":17,"isByRequest":18,"title":19,"createdAt":20,"committeeReports":21,"cosponsorCount":22,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":22,"actionCount":23,"popularTitle":3,"laws":3,"billType":24,"subjects":25,"introducedDate":6,"committees":26,"congressGovUrl":27,"constitutionalAuthority":28,"policyArea":29,"deletedAt":3,"latestAction":30,"billNumber":32,"cosponsorCountIncludingWithdrawn":22,"status":33,"keyMilestoneCount":34,"updateDate":35,"policyAreaLower":36,"shortTitle":19,"officialTitle":37,"updatedAt":38,"searchTokens":39,"committeeCodes":133},"2025-02-11",{"firstName":8,"lastName":9,"district":10,"fullName":11,"state":12,"party":13,"bioguideId":14},"David","Kustoff","8","Rep. Kustoff, David [R-TN-8]","TN","R","K000392",[],"House",119,false,"Small Business Investment Act of 2025","2026-05-11T15:29:49.714Z",[],0,3,"hr",[],[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F1199","\u003Cpre>\n[Congressional Record Volume 171, Number 28 (Tuesday, February 11, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mr. KUSTOFF:\nH.R. 1199.\nCongress has the power to enact this legislation pursuant\nto the following:\nUnder Article I, Section 8, the Necessary and Proper\nClause. Congress shall have power to make all laws which\nshall be necessary and proper for carrying into Execution the\nforegoing powers and all Powers vested by this Constitution\nin the Government of the United States, or in any Department\nof Officer thereof.\n[Page H645]\n\u003C\u002Fpre>","Taxation",{"date":6,"text":31},"Referred to the House Committee on Ways and Means.",1199,"in_committee",2,"2026-06-01T17:00:21Z","taxation","To amend the Internal Revenue Code of 1986 to modify the exclusion for gain from qualified small business stock.","2026-06-02T01:15:20.137Z",[40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132],"small","sm","sma","smal","business","bu","bus","busi","busin","busine","busines","investment","in","inv","inve","inves","invest","investm","investme","investmen","act","of","2025","20","202","to","amend","am","ame","amen","the","internal","int","inte","inter","intern","interna","revenue","re","rev","reve","reven","revenu","code","co","cod","1986","19","198","modify","mo","mod","modi","modif","exclusion","ex","exc","excl","exclu","exclus","exclusi","exclusio","for","gain","ga","gai","from","fr","fro","qualified","qu","qua","qual","quali","qualif","qualifi","qualifie","stock","st","sto","stoc","rep","kustoff","ku","kus","kust","kusto","kustof","david","da","dav","davi","tn",[],true,[136],{"versionCode":137,"actionDate":6,"actionDesc":138,"text":139,"updateDate":140},"00","Introduced in House","\u003Cp>\u003Cstrong>Small Business Investment Act of 2025 \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill reduces the time period a noncorporate taxpayer is required to hold qualified small business stock (QSBS) before a percentage of the gain on the sale or exchange of such stock may be excluded from gross income. (Limitations apply.) The bill also expands QSBS to include qualified debt instruments and certain corporate stock.\u003C\u002Fp>\u003Cp>Under current law, a noncorporate taxpayer may exclude from gross income 100% of the gain from the sale or exchange of QSBS acquired after September 27, 2010 (or a smaller percentage if acquired on or before such date) and held for more than five years. Further, under current law, QSBS must be C corporation stock. (Exclusions and other requirements apply.)\u003C\u002Fp>\u003Cp>The bill allows a noncorporate taxpayer to exclude from gross income\u003C\u002Fp>\u003Cul>\u003Cli>50% of the gain on the sale or exchange of QSBS (purchased after the enactment date of the bill) held for three years,\u003C\u002Fli>\u003Cli>75% of the gain on the sale or exchange of such stock held for four years, and\u003C\u002Fli>\u003Cli>100% of the gain on the sale or exchange of such stock held for five years.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>Further, the bill expands QSBS to include stock acquired through the conversion of a qualified convertible debt instrument (e.g., bond converted into stock). Under the bill, the holding period of such stock includes the time period during which the qualified convertible debt instrument is held.\u003C\u002Fp>\u003Cp>Finally, the bill expands QSBS to include corporate stock, not just C corporation stock. (Limitations apply.).\u003C\u002Fp>","2026-06-01T16:58:48Z",[],{},[144,153,158],{"actionDate":6,"actionDateTime":3,"text":31,"type":145,"actionCode":146,"sourceSystem":147,"committees":149,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":22,"isKeyMilestone":18},"IntroReferral","H11100",{"code":34,"name":148},"House floor actions",[150],{"name":151,"systemCode":152},"Ways and Means Committee","hswm00",{"actionDate":6,"actionDateTime":3,"text":138,"type":145,"actionCode":154,"sourceSystem":155,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":34,"isKeyMilestone":134},"1000",{"code":156,"name":157},9,"Library of Congress",{"actionDate":6,"actionDateTime":3,"text":138,"type":145,"actionCode":159,"sourceSystem":160,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":161,"isKeyMilestone":134},"Intro-H",{"code":156,"name":157},1,[],{},[],"david-kustoff"]