Summary: H.R.4041 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.4041. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/26/1991)

Amends the Public Works and Economic Development Act of 1965 to authorize appropriations to carry out certain economic development programs for FY 1992.

Amends the Small Business Act to increase the program levels of the Small Business Administration for FY 1992.

Amends the Internal Revenue Code to allow the targeted jobs credit for every individual hired within one year after the date of enactment of this Act. Increases the amount of such credit.

Excludes from gross income distributions from individual retirement accounts used to purchase or refinance a principal residence. Exempts such distributions from the penalty tax on early distributions from retirement plans.

Provides for the delay or suspension of obligations for certain defense, foreign assistance, space, and energy research programs.