H.R. 4111 · 115th Congress
Spurring Business in Communities Act of 2017
Law · 115-333 · Dec 19, 2018Key: what the circles and colors mean
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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.
R
McMorris RodgersSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Oct 24, 2017
- House Passed May 8, 2018
- Senate Passed Dec 6, 2018
- President To the President Dec 13, 2018
- President Signed Dec 19, 2018
- Law Dec 19, 2018
What it does: CRS summary · Public Law · Dec 19, 2018
Spurring Business in Communities Act of 2017
(Sec. 2) This bill amends the Small Business Investment Act of 1958 to:
- require the Small Business Administration (SBA), in reviewing and processing a small business investment company's (SBIC's) application, 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Spurring Business in Communities Act of 2017
Latest action (Dec 19, 2018): Became Public Law No: 115-333.
Policy area: Commerce · Origin: House · Introduced: Oct 24, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Oct 24, 2017
- House Passed May 8, 2018
- Senate Passed Dec 6, 2018
- President To the President Dec 13, 2018
- President Signed Dec 19, 2018
- Law Dec 19, 2018
No recorded floor vote found.