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![handle is hein.congrecreports/crptxaibg0001 and id is 1 raw text is: AUTHENTICATED r
U.S. GOVERNMENT
INFORMATION 4
119TH CONGRESS REPORT
2d Session J HOUSE OF REPRESENTATIVES 119-509
NEW OPPORTUNITIES FOR BUSINESS OWNERSHIP
AND SELF-SUFFICIENCY ACT
FEBRUARY 20, 2026.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
REPORT
[To accompany H.R. 6431]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 6431) to amend the Internal Revenue Code of 1986 to
modify the rules governing the State administration of self-employ-
ment assistance programs, having considered the same, reports fa-
vorably thereon with an amendment and recommends that the bill
as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................... 2
A. Purpose and Sum m ary ..................................................................... 2
B. Background and Need for Legislation .................... 2
C. Legislative H istory ........................................................................... . 3
D . Designated H earing .......................................................................... 4
II. EXPLANATION OF THE BILL .................................................................. 4
A . Reasons for Change .......................................................................... 4
B. Explanation of Provisions ................................................................. 4
C . E ffective D ate ................................................................................... . 5
III. VOTES OF THE COMM ITTEE ................................................................... 5
IV. BUDGET EFFECTS OF THE BILL ............................................................ 6
A. Committee Estimate of Budgetary Effects .................. 6
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority .................................................................. 6
C. Cost Estimate Prepared by the Congressional Budget Office ....... 6
V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
TH E H O U SE ............................................................................................. 7
A. Committee Oversight Findings and Recommendations ................. 7
B. Statement of General Performance Goals and Objectives ............. 7
C. Information Relating to Unfunded Mandates ................ 7
D. Congressional Earmarks, Limited Tax Benefits, and Limited
Tariff B enefits ................................................................................. 7
E. Duplication of Federal Program s ..................................................... 7
VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 7
69-006](ViewImageLocal?handle=hein.congrecreports/crptxaibg0001&div=1&collection=&method=preview&ext=.png&size=3)