Legislation Passed Last Week
by Pete Sessions on June 15, 2014 at 1:21 PM
On Tuesday, the House passed the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act of 2015. This legislation responsibly supports critical housing and transportation programs while spending $7.8 billion below the President’s budget request and making strides to reduce our nation’s deficit. I believe it is essential to make sensible investments in our nation’s highways, bridges, and airports to meet the needs of the American people and sustain a strong economy. To read more about THUD, click here.
The House also passed two important measures to provide our nation’s job creators with permanent tax relief. H.R. 4457, the Small Business Tax Relief Act, provides companies with the flexibility to access capital in order to invest in their businesses and create new jobs. H.R. 4453, the Permanent S Corporation Built-in Gains Recognition Period, provides small businesses with the fiscal certainty that they need to plan for the future, expand their businesses, and hire new workers. I was proud to support these common sense jobs bills to reduce the tax burden on our nation’s small businesses, which will spur investment, economic growth, and job creation.