Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
Senate Bill 1058
117th Congress(2021-2022)
Rural Capital Access Act
Introduced
Introduced
Introduced in Senate on Mar 25, 2021
Overview
Text
Sponsor
Republican
Introduced
Mar 25, 2021
Latest Action
Mar 25, 2021
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
1058
Congress
117
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.
Sponsorship by Party
Republican
John Thune
South Dakota
Republican
Deb Fischer
Nebraska
Democrat
Jeanne Shaheen
New Hampshire
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Rural Capital Access Act

This bill increases federally backed leverage, or investments, available to small businesses in rural areas through Small Business Administration (SBA) programs. Specifically, the bill (1) reduces restrictions on federally backed leverage for small business investment companies (SBICs) investing in small businesses located in rural areas, and (2) allows the SBA to extend as leverage to rural business investment companies certain unexpended amounts intended for SBICs.

The bill also establishes an interagency working group comprised of the SBA, the Department of Agriculture, and industry stakeholders to develop administrative and legislative recommendations to improve program coordination and capital access in rural areas.

Text (1)
Introduced in Senate
March 25, 2021
Related Bills (1)
Oct 08, 2021
Introduced in House
8
Sponsorship
House Bill 5521
Rural Capital Access Act
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (2)
03/25/2021
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S1830-1831)
03/25/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:52 PM
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