Senate Bill 1975
116th Congress(2019-2020)
Small Business Investment Improvement Act of 2019
Introduced
Introduced in Senate on Jun 26, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1975
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Small Business Investment Improvement Act of 2019
This bill directs the Small Business Administration to approve or decline an applicant seeking a license to operate as a small business investment company (SBIC) within certain specified timelines, and it requires an applicant to successfully pass a Federal Bureau of Investigation background check before it may become an SBIC.
June 26, 2019
06/26/2019
Read twice and referred to the Committee on Small Business and Entrepreneurship.
06/26/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:53 PM