New Opportunities for Business Ownership and Self-Sufficiency Act modifies self-employment assistance programs.

The New Opportunities for Business Ownership and Self-Sufficiency Act amends the Internal Revenue Code to modify rules for state administration of self-employment assistance programs. It removes the requirement that participants are likely to exhaust regular unemployment compensation. It modifies the requirement for participation in self-employment assistance activities to include entrepreneurial training, business counseling, and technical assistance. It also requires weekly certification of these activities to a designated state agency.

New Opportunities for Business Ownership and Self-Sufficiency Act modifies self-employment assistance programs.

The New Opportunities for Business Ownership and Self-Sufficiency Act amends the Internal Revenue Code to modify rules for state administration of self-employment assistance programs. It removes the requirement that participants are likely to exhaust regular unemployment compensation. It modifies the requirement for participation in self-employment assistance activities to include entrepreneurial training, business counseling, and technical assistance. It also requires weekly certification of these activities to a designated state agency.