← Back to Bills
S 5144118th CongressFailed / ExpiredSenate

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act

Policy Area: Taxation
View on Congress.gov
Origin Chamber
Senate
Last Updated
Nov 25, 2024
Latest Action Date
Sep 24, 2024

Latest Action

Read twice and referred to the Committee on Finance.

Official Summary

Official summary has not been imported yet.

GovScope Watchdog™

AI Government Intelligence™
Executive Summary

The Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act, Senate Bill 5144 in the 118th Congress, is a legislative proposal related to taxation. The bill was introduced in the Senate and referred to the Committee on Finance after being read twice. However, the bill has failed or expired and no full text or official summary is publicly available. The bill's title suggests a focus on supporting entrepreneurs through tax-related measures, but specific provisions, mechanisms, or policy details are not provided in the available data.

Bottom Line

S.5144 aimed to address taxation issues potentially benefiting entrepreneurs, but without available text or summary, its specific content and impact remain unclear, and it did not advance past committee referral before expiring.

Policy Risk Level
🟡 Medium
Neutral Risk Assessment
Key Points
  • The bill is titled to indicate support for entrepreneurs through tax policy.
  • It was introduced in the Senate and referred to the Committee on Finance.
  • The bill failed or expired without further legislative action or public text.
Who Benefits?

['Entrepreneurs and small business owners (implied by the bill title)', 'Potentially the broader business community if tax provisions were enacted']

Potential Concerns

['Lack of publicly available full bill text limits understanding of implementation and enforcement details.', 'No information on funding mechanisms or oversight provisions is available.', "The bill's failure to advance suggests possible challenges in legislative support or policy consensus."]

Political Context

S.5144 was introduced in the Senate during the 118th Congress and referred to the Committee on Finance, which handles taxation and revenue-related legislation. The bill did not progress beyond committee referral and is recorded as failed or expired as of November 2024. No official summary or detailed legislative history is available to provide further context.

Hidden Impact Review

Hidden impact flags detected: 2

GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.

2 Detected
Detected Flags
Indirect Effects

['If enacted, the bill could have influenced tax policy affecting entrepreneurial growth and small business development.', 'Failure to pass may maintain the status quo in tax policy related to entrepreneurs, potentially delaying reforms.']

GovScope Watchdog Notes

The absence of a full bill text and official summary restricts transparency and public oversight. Tracking the bill's referral to the Committee on Finance without further action highlights the importance of monitoring committee activity and legislative progress to understand policy developments. The bill's failure or expiration status should be noted in analyses of legislative priorities and outcomes in the taxation policy area.

Passage Likelihood: LowConfidence: 40%Model: gpt-4.1-mini

GovScope Intelligence Roadmap

Future bill intelligence will connect sponsors, committee referrals, related votes, campaign finance, disclosures, and stock trades into one legislative intelligence view.

Enterprise Ready