S. 1663 · 110th Congress
SEED Act
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KerrySponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Securing Equity for the Economic Development of Low Income Areas Act of 2007 or SEED Act - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to select at least one company from each SBA geographic region when selecting companies to participate as New Markets Venture Capital companies.
What it does: CRS summary · Introduced in Senate · Jun 19, 2007
Securing Equity for the Economic Development of Low Income Areas Act of 2007 or SEED Act - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to select at least one company from each SBA geographic region when selecting companies to participate as New Markets Venture Capital companies.
Establishes in the Investment Division of the SBA the Office of New Markets Venture Capital.
Modifies the definition of low-income geographic area to reflect the new markets tax credit under the Internal Revenue Code.
Revises the formula for the amount of operational assistance grants for new markets venture capital companies.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SEED Act
Also known as: Securing Equity for the Economic Development of Low Income Areas Act of 2007
Latest action (Jun 26, 2007): Committee on Small Business and Entrepreneurship. Measure incorporated into measure S.1662 ordered to be reported.
Policy area: Commerce · Origin: Senate · Introduced: Jun 19, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.