Introducing..My First Bill
As your Member of Congress, my most important job is listening to you and advocating for policies that will benefit you and our community. For example, last week I was honored to introduce my first bill, H.R. 952, the Main Street Revival Act.
This bill was inspired by my time spent in meetings with business owners on “main streets” throughout the Fifteenth Congressional District who would tell me that the biggest challenge to opening their doors was the start-up costs incurred in the first year. To speed up our economic recovery and help more businesses succeed, the Main Street Revival Act allows certain small business to elect to defer paying federal payroll taxes during their first year in operation.
When small businesses can get off the ground and succeed, the whole community benefits and our economy grows. The tax deferral option is limited to businesses expecting to hire no more than 25 people in their first year and that are located in Historically Underutilized Business Zones, known as HUBZones.
I was proud to announce this bill in Hayward, one of the towns that would benefit from the bill, and be joined at the announcement by Hayward City Council Members; Elizabeth Echols, Regional Administrator of the Small Business Association; Kim Huggett, Hayward Chamber of Commerce President & CEO and local business leaders.
I look forward to working with my Democratic and Republican colleagues to move this bill forward and give our small businesses the relief they need to grow and strengthen our economy.
As always, please reach out to my offices in the East Bay at 925-460-5100 or Washington, DC at 202-225-5065 with any questions or concerns. To stay updated on my work in Congress, please follow me on Twitter @RepSwalwell and join me on Facebook.
Member of Congress