Sec. 1001. Economic headwinds report
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Section 10 of the Small Business Act ( 15 U.S.C. 639 ), as amended by this Act, is further amended by adding at the end the following new subsection: Not later than the date that is 120 days after the date of the enactment of this subsection, and annually thereafter, the Administrator shall submit to Congress a report on the effects on small business concerns of— the burden of regulatory compliance in the most recently completed fiscal year prior to the date on which such report is submitted; an annual increase greater than two percent in the Consumer Price Index for all-urban consumers, United States city average, as published by the Bureau of Labor Statistics, or if such index shall cease to be published, any successor index or reasonable substitute thereof; and any increases by the Government in any government spending or supplemental unemployment benefits provided for by law in effect on the date of the enactment of this subsection in the most recently completed year prior to the date on which such report is submitted.
During the three-year period beginning on the date of the enactment of this Act, in addition to the information described in subparagraphs
(A)through
(C)of paragraph (1), the Administrator shall include in the report required under such paragraph the following: An analysis of the effects on small business concerns of the social restrictions imposed by Federal, State, or local governments in response to COVID–19, including curfews, quarantines, capacity limits, and social gathering restrictions. An analysis of the effects on small business concerns of increasing the corporate tax rate, the individual tax rate, the capital gains rate, the deduction under section 199A of the Internal Revenue Code of 1986, and the estate tax, including by eliminating the step up in basis. An analysis of the effects on small business concerns of an increase in the Federal minimum wage to $15 per hour. An analysis of the effects on small business concerns of supply chain disruptions in the most recently completed year prior to the date on which such report is submitted. .
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Sec. 1001
Economic headwinds report
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