Senate Bill 1995
115th Congress(2017-2018)
Spurring Business in Communities Act of 2018
Introduced
Introduced in Senate on Oct 24, 2017
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
1995
Congress
115
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
Spurring Business in Communities Act of 2017
This bill amends the Small Business Investment Act of 1958 to:
- require the Small Business Administration (SBA), in reviewing and processing an entity's application to become a small business investment company (SBIC), to give first priority to an SBIC applicant located in an underlicensed state (i.e., a state in which the number of licensees per capita is less than the median number of licensees per capita for all states) with below median financing; and
- exempt applicants in underlicensed states from certain SBA capital requirements.
12/20/2018
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.
03/19/2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.
03/19/2018
Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment. Without written report.
03/14/2018
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
10/24/2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
10/24/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:38:14 PM