Just before Congress departed for summer recess last week, Senator Mary Landrieu (D-La.), introduced legislation designed to spur small business job growth and boost entrepreneurship.
Her so-called SUCCESS Act of 2012, cosponsored by seven other Democrats, is notable because, when it was previously introduced as an amendment to the Small Business Jobs and Tax Relief Act (which remains on the Senate calendar), it got support from five Republicans to achieve 57 votes in the Senate—close to the 60 needed to invoke cloture and get to a vote. Landrieu, who chairs the Senate Committee on Small Business and Entrepreneurship, called even that small bit of bipartisanship a "monumental feat in today's political climate."
She said in a statement that the bill "is made up of numerous bipartisan provisions" offered by members of her committee to "get our small businesses the assistance they need to grow our economy."
So what's in the SUCCESS Act? The bill is a mashup of measures from 14 otherRead More »from What’s in the Senate’s latest small business bill for you