S. 2521 · 117th Congress
SBIC Advisory Committee Act of 2022
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Passed the Senate without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 117th Congress ended.
D
CardinSponsor
- Senate Introduced Jul 28, 2021
- Senate Passed Sep 28, 2022
This bill requires the Small Business Administration (SBA) to establish an advisory committee to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.
What it does: CRS summary · Passed Senate · Sep 28, 2022
SBIC Advisory Committee Act of 2022
This bill requires the Small Business Administration (SBA) to establish an advisory committee to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.
Composed in part of representatives of and partners with small businesses in low-income communities and rural areas, the advisory committee must make recommendations for SBICs to invest in (1) underlicensed and underfinanced states; and (2) small businesses owned by socially or economically disadvantaged individuals, veterans, and women.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SBIC Advisory Committee Act of 2022
Also known as: SBIC Working Group Act of 2021
Latest action (Sep 29, 2022): Held at the desk.
Policy area: Commerce · Origin: Senate · Introduced: Jul 28, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- Senate Introduced Jul 28, 2021
- Senate Passed Sep 28, 2022
No recorded floor vote found.