S. 1995 · 115th Congress
Spurring Business in Communities Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RubioSponsor3 cosponsors · 1 D, 2 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
What it does: CRS summary · Reported to Senate with amendment(s) · Mar 19, 2018
Spurring Business in Communities Act of 2018
(Sec. 2) 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.
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 2018
Latest action (Dec 20, 2018): By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.
Policy area: Commerce · Origin: Senate · Introduced: Oct 24, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.