H.R. 476 · 117th Congress · House

Innovation Centers Acceleration Act

Active· Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Introduced
Jan 25, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Innovation Centers Acceleration Act

This bill establishes a program to advance economic development by designating nine cities as innovation centers and providing and modifying certain related grants. It also establishes the Innovation Center Selection Committee to designate these cities.

The innovation center designation entitles selected cities—and the businesses, research institutions, and other organizations that operate within them—to various federal funding and benefits for research activities, business and workforce development, and transportation infrastructure projects.

These benefits include expanding various tax credits and incentives for businesses. The bill also makes it easier for those businesses to access loans and other financial instruments to raise capital.

In addition, the bill establishes a grant program for local and tribal governments that partner with innovation centers to develop and preserve affordable housing. It also modifies existing grants, loans, and other programs that support transportation infrastructure to specifically target initiatives in innovation centers.

Action Timeline

11
  1. FEB 04, 2021•Committee

    Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

  2. FEB 02, 2021•Committee

    Referred to the Subcommittee on Health.

  3. JAN 25, 2021•IntroReferral

    Introduced in House

  4. JAN 25, 2021•IntroReferral

    Introduced in House

  5. JAN 25, 2021•IntroReferral

    Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  6. JAN 25, 2021•IntroReferral

    Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  7. JAN 25, 2021•IntroReferral

    Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  8. JAN 25, 2021•IntroReferral

    Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  9. JAN 25, 2021•IntroReferral

    Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  10. JAN 25, 2021•IntroReferral

    Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  11. JAN 25, 2021•IntroReferral

    Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Committees

9

Economic Development, Public Buildings, and Emergency Management Subcommittee

hspw13

Referred: Feb 4, 2021

Active

Health Subcommittee

hsif14

Referred: Feb 2, 2021

Active

Financial Services Committee

hsba00

Referred: Jan 25, 2021

Active

Ways and Means Committee

hswm00

Referred: Jan 25, 2021

Active

Transportation and Infrastructure Committee

hspw00

Referred: Jan 25, 2021

Active

Energy and Commerce Committee

hsif00

Referred: Jan 25, 2021

Active

Education and Workforce Committee

hsed00

Referred: Jan 25, 2021

Active

Small Business Committee

hssm00

Referred: Jan 25, 2021

Active

Science, Space, and Technology Committee

hssy00

Referred: Jan 25, 2021

Active