Bob Bennett - Senator for the State of Utah

On March 5, 2010, Senator Bennett introduced the Main Street Revitalization Act. A bill that would provide an immediate injection of working capital to invest in small businesses and create jobs by providing simple, targeted tax breaks. Bennett's bill would provide immediate access to working capital and help our economy get back on track quickly.

• Introduced the Main Street Revitalization Act of 2010, a bill that would provide an immediate injection of working capital to invest in small businesses and create jobs by providing simple, targeted tax breaks. Bennett's bill would provide immediate access to working capital and help our economy get back on track quickly.
• Jobs and Growth Tax Relief Reconciliation Act of 2003, PL 108-27 (H.R. 2)

• The economy created 8 million new jobs for over 47 consecutive months after its passage in May 2003 through August 2007.
• Unemployment declined from a peak of 6.3% in June 2003 to 4.5% in February of 2007 after the passage of this bill.
• Budget deficits improved upon elimination of the tax cuts and trended toward elimination.
• After its passage, gross domestic product (GDP) grew at an average rate of 3.5%, in contrast to the tepid average of 1.3% from the first quarter of 2001 through the second quarter of 2003.

• Fair and Accurate Credit Transactions Act of 2003, PL 108-159 (H.R. 2622)

• Check Clearing for the 21st Century Act, PL 108-100 (H.R. 1474)

• Accountant, Compliance, and Enforcement Staffing Act, PL 108-44 (H.R. 658)

• American Dream Downpayment Act, PL 108-186 (S. 811)

• Job Creation and Worker Assistance Act of 2002, PL 107-147 (H.R. 3090)

• Economic Growth and Tax Relief Reconciliation Act of 2001, PL 107-16 (H.R. 1836)

Of note: Law includes major provisions from H.R. 3, the Economic Growth and Tax Relief Act; from H.R. 6, the Marriage Penalty and Family Tax Relief Act; from H.R. 8, the Death Tax Elimination Act; from H.R. 10 as passed in the House, the Comprehensive Retirement Security and Pension Reform Act; from H.R. 622, the Adoption Tax Credits bill; and from S. 896, the Senate budget reconciliation bill.

• The Tax Relief Extension Reconciliation Act of 2005, H.R. 4297
• Sarbanes-Oxley Corporate Reform Act of 2002, PL 107-204 (H.R. 3763)

Of note: Law includes the following titles: Corporate and Criminal Fraud Accountability Act of 2002; Corporate Fraud Accountability Act of 2002; and White-Collar Crime Penalty Enhancement Act of 2002.

• S. AMDT. 216 to H.CON.RES 86 (Concurrent resolution passed) - 107th Congress

• Gramm-Leach-Bliley Act, PL 106-102 (S.900)

Of note: Law includes the following titles: ATM Fee Reform Act of 1999; Federal Home Loan Bank System Modernization Act of 1999; and Prime Act Program for Investment in Microentrepreneurs Act of 1999.

• Tax Relief for Middle-Class, R&D, and Welfare Employment, PL 106-170 (H.R. 1180)

• Worker Economic Opportunity Act, PL 106-202 (S. 2323)

Details on the above legislation may be found on THOMAS, a service of the Library of Congress website.

Economic and Tax Related files and links