The Territorial Economic Recovery Act aims to support economic growth and recovery in the U.S. territories by providing financial assistance, promoting investment, and creating job opportunities. The bill includes provisions such as tax incentives for businesses operating in the territories, funding for infrastructure projects, and initiatives to boost tourism and agriculture. It also seeks to streamline regulations to facilitate business development and improve access to federal resources. Overall, the bill intends to stimulate economic progress in the U.S. territories and enhance their long-term sustainability.
2023-02-14: Introduced in House
2023-02-14: Referred to the House Committee on Ways and Means.
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