H.R. 3722 · 111th Congress
Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KirkpatrickSponsorNo cosponsors.
Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009 - Amends the Small Business Investment Act of 1958 to require (under current law, authorizes) the Administrator of the Small Business Administration (SBA) to participate in the new markets venture capital program (program) (a program under which investment…
What it does: CRS summary · Introduced in House · Oct 6, 2009
Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009 - Amends the Small Business Investment Act of 1958 to require (under current law, authorizes) the Administrator of the Small Business Administration (SBA) to participate in the new markets venture capital program (program) (a program under which investment companies provide capital financing to small businesses).
Requires the Administrator, in selecting companies for program participation, to approve at least one company from each SBA geographic region.
Provides for new market capital venture investment in, as well as operational assistance to, small businesses located in low-income geographic areas and engaged primarily in manufacturing.
Makes the SBA definition of "low-income geographic area" the same as the definition of "low-income community" under the Internal Revenue Code.
Expands SBA operational assistance to conditionally-approved companies. Directs the Administrator to grant each such company two years to satisfy capital and other requirements for such assistance.
Provides: (1) a streamlined application process for new market venture capital companies; and (2) a simplified formula for operational assistance grants.
Increases amounts allocated for investment in small businesses located in low-income geographic areas and engaged primarily in manufacturing.
Redesignates (thereby expanding) the SBA's renewable fuel capital investment program as the renewable energy capital investment program. Makes such program permanent (currently a pilot program). Makes eligible under such program all small businesses (under current law, only smaller enterprises). Requires (under current law, authorizes) the Administrator to participate in such program. Increases amounts allocated for operational assistance grants for renewable energy purposes.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009
Latest action (Oct 21, 2009): Provisions of Measure Incorporated into H.R. 3854.
Policy area: Commerce · Origin: House · Introduced: Oct 6, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.