S.5010

Modifies rules for state self-employment assistance programs under the Internal Revenue Code.

The NO BOSS Act amends the Internal Revenue Code to modify rules for state self-employment assistance programs. It removes the requirement that participants are likely to exhaust regular unemployment compensation. Instead, it requires participation in approved self-employment assistance activities, including entrepreneurial training, business counseling, and technical assistance. The changes take effect two years after enactment, though states may implement them earlier. The Secretary of Labor will issue regulations and guidance for states.