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2021 House Bill 5604: Create new corporate subsidy program
Introduced by Rep. Ben Frederick (R) on December 2, 2021
To create one of the corporate subsidy accounts House Bill 5602 would authorize, to be called the “Critical Industry Fund,” which would give grants and loans to certain companies to create jobs or job training.   Official Text and Analysis.
Referred to the House Government Operations Committee on December 2, 2021
Reported in the House on December 8, 2021
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered by Rep. David Martin (R) on December 8, 2021
To revise details of a provision authorizing government subsidies for "workforce training providers".
The amendment passed by voice vote in the House on December 8, 2021
Amendment offered by Rep. John Cherry (D) on December 8, 2021
To establish that the 1% penalty to be added to any "clawbacks" from non-performing corporate subsidy recipients would be the minimum penalty and could not be reduced.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi (D) on December 8, 2021
To sunset (end) this new corporate subsidy program after one year.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi (D) on December 8, 2021
To increase the proposed "clawback" penalty for non-performing subsidy recipients to 25% of the subsidy amounts collected.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi (D) on December 8, 2021
To revise details of a minimum wage level requirement for subsidy beneficiaries.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi (D) on December 8, 2021
To require an annual performance report on this subsidy program to be made available to the public and posted online.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi (D) on December 8, 2021
To require the owners and managers of companies granted these corporate subsidies to take and pass drug tests, not exceed the asset caps that apply to certain social welfare beneficiaries, and meet employment and job-search requirements like those that apply to individuals collecting various social welfare benefits.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi (D) on December 8, 2021
To tie-bar the bill to House Bills 4971 and 4972, meaning this bill cannot become law unless those ones do also. Those bills would authorize joining this state to a proposed Midwest state “company-specific subsidy interstate compact” whose members would promise to stop giving tax breaks or subsidies to specific companies that aren’t available to other companies, including “findings” including that, “State governments are caught in a race to the bottom offering ever-larger…incentives or grants in an attempt to lure large companies to stay or relocate in their state despite overwhelming evidence that subsidies are neither an efficient use of public dollars nor a determining factor in a company's eventual decision where to locate”.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi (D) on December 8, 2021
To strip out qualifications on the criteria a potential beneficiary must meet to get these corporate subsidies.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. John Cherry (D) on December 8, 2021
To permit the program to allocate up to 0.5% of the amount it spends for administrative expenses.
The amendment failed by voice vote in the House on December 8, 2021
Received in the Senate on December 9, 2021
Referred to the Senate on December 9, 2021

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