IB 
Union Calendar No. 435 
119TH CONGRESS 
2D SESSION 
H. R. 6431 
[Report No. 119–509] 
To amend the Internal Revenue Code of 1986 to modify the rules governing 
the State administration of self-employment assistance programs. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 4, 2025 
Mr. CAREY (for himself, Mr. LANDSMAN, Mr. MILLER of Ohio, Mr. YAKYM, 
Mr. FEENSTRA, and Mr. MORAN) introduced the following bill; which was 
referred to the Committee on Ways and Means 
FEBRUARY 20, 2026 
Additional sponsor: Mr. VINDMAN 
FEBRUARY 20, 2026 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on December 4, 2025] 
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A BILL 
To amend the Internal Revenue Code of 1986 to modify 
the rules governing the State administration of self-em-
ployment assistance programs. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘New Opportunities for 
Business Ownership and Self-Sufficiency Act’’. 
SEC. 2. MODIFICATION OF RULES GOVERNING STATE AD-
MINISTRATION OF SELF-EMPLOYMENT AS-
SISTANCE PROGRAMS. 
(a) ELIMINATION OF REQUIREMENT THAT PARTICI-
PANTS ARE LIKELY TO EXHAUST REGULAR UNEMPLOY-
MENT COMPENSATION.—Section 3306(t)(3) of the Internal 
Revenue Code of 1986 is amended by striking subparagraph 
(B) and by redesignating subparagraphs (C) and (D) as 
subparagraphs (B) and (C), respectively. 
(b) MODIFICATION OF REQUIREMENT TO PARTICIPATE 
IN SELF-EMPLOYMENT ASSISTANCE ACTIVITIES.—Section 
3306(t)(3)(B) of such Code, as redesignated by subsection 
(a), is amended to read as follows: 
‘‘(B) are participating in self-employment 
assistance activities which are approved by the 
State agency and either— 
‘‘(i) include entrepreneurial training, 
business counseling, and technical assist-
ance; or 
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‘‘(ii) are performed pursuant to a busi-
ness plan and market feasibility study sub-
mitted by the individual and approved by 
the State or an agency designated by the 
State; and’’. 
(c) WEEKLY CERTIFICATION REQUIREMENT.—Section 
3306(t)(3)(C) of such Code, as redesignated by subsection 
(a), is amended by inserting ‘‘and are certifying such ac-
tivities on at least a weekly basis to an agency designated 
by the State’’ before the semicolon at the end. 
(d) ADJUSTMENT OF LIMITATION ON NUMBER OF IN-
DIVIDUALS PARTICIPATING.—Section 3306(t)(4) of such 
Code is amended by striking ‘‘5’’ and inserting ‘‘10’’. 
(e) EFFECTIVE DATE.—The amendments made by this 
section shall apply beginning on the date that is 2 years 
after the date of enactment of this Act, except that nothing 
in this section shall be interpreted to prevent a State from 
amending its law before the end of the 2-year period begin-
ning on the date of the enactment of this Act. 
(f) ISSUANCE OF REGULATIONS.—The Secretary of 
Labor shall, after public notice and comment and subject 
to approval by the Office of Management and Budget, adopt 
regulations to administer this Act. 
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(g) ISSUANCE OF GUIDANCE.—The Secretary of Labor 
shall provide guidance to State workforce agencies that in-
cludes— 
(1) a model list of self-employment assistance ac-
tivities that fulfill requirements of the program under 
section 3306(t) of the Internal Revenue Code of 1986; 
and 
(2) best practices for verification of completion of 
such activities. 
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Union Calendar No. 435 
119TH CONGRESS 
2D SESSION 
H. R. 6431 
[Report No. 119–509] 
A BILL 
To amend the Internal Revenue Code of 1986 to 
modify the rules governing the State administra-
tion of self-employment assistance programs. 
FEBRUARY 20, 2026 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
19:00 Feb 20, 2026
Jkt 069200
PO 00000
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