PlainBillCongress, translated.Legislation. Context. Public interest.

Small Business Economic Stimulus Act of 2004

Read twice and referred to the Committee on Finance.

Official summary

Version 00 · Introduced in Senate · Jul 22, 2004

Small Business Economic Stimulus Act of 2004 - Amends the Internal Revenue Code to extend: (1) permanently, the research and development tax credit; (2) a bonus depreciation; and (3) an increased limitation for expensing depreciable business assets.

Authorizes appropriations to the Department of Commerce for the Office of Export Trading Company Affairs to carry out the Export Trading Company Act of 1982.

Amends the Foreign Assistance Act of 1961 to increase the amount of the annual authorization of appropriations for the U.S. Trade and Development Agency.

Showing the opening paragraphs of the official summary.

Read full official summaryShow less

Small Business Health Fairness Act of 2004 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise provisions relating to access and choice for small business employers with respect to medical care for their employees.

Establishes rules governing association health plans (group health plans whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations), including requirements relating to certification, sponsors and boards of trustees, participation, coverage, plan documents, contribution rates, benefit options, applications for certification, notice for voluntary termination, corrective actions, and mandatory termination.

Requires association health plans which provide health benefits in addition to health insurance coverage to maintain certain reserves and comply with other solvency requirements. Directs the Secretary of Labor to apply for appointment, and carry out specified duties, as trustee of any such insolvent association health plans which provide health benefits in addition to health insurance coverage.

Allows a State to impose a contribution tax on any association health plan commencing operations in such State after the enactment of this Act.

Requires association health plans to include in their summary plan descriptions, in connection with each benefit option, a description of the form of any solvency or guarantee fund protection secured under ERISA or applicable State law.

Revises requirements relating to treatment of: (1) single employer arrangements; and (2) certain collectively bargained arrangements.

Read the summary on Congress.gov
PlainBill analysis is coming later. This page presents official source data. We have not yet published a PlainBill explanation for this bill.

Who introduced it

Sen. Specter, Arlen [R-PA] · R–PA

Committees

  • Finance Committee
0 cosponsorship records, including any withdrawals

    Actions

    A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

    1. Read twice and referred to the Committee on Finance.

    2. Sponsor introductory remarks on measure. (CR S8755-8757)

    3. Introduced in Senate

    Bill text & related measures

    Text links open the official source. We currently store references to these documents.

    Related bills identified by Congress.gov

    No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

    Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.

    Explore the bill from different angles

    Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.

    Neutral evidence review

    Objective

    Analyze S.2767 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

    View full prompt & sources
    Fairness and public impact

    Progressive lens

    Examine S.2767 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

    View full prompt & sources
    Institutions and government scope

    Conservative lens

    Examine S.2767 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

    View full prompt & sources
    Individual rights and government power

    Liberty lens

    Examine S.2767 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

    View full prompt & sources