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Bill115th CongressFiled Oct 24, 2017Commerce
S. 1995

Spurring Business in Communities Act of 2018

Bill journey · stage 1 of 5

Just introduced

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Comm.
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Law

What it doesSummary 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.

What just happenedDec 20, 2018

By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.

Who’s behind it

Sen. Rubio, Marco [R-FL](R-FL)Sponsor
3 cosponsors1 D2 R
Read on Congress.gov
3cosponsors1committees8actions1related bills3subjects
  1. Dec 20, 2018Floor

    By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.

    Small Business and Entrepreneurship Committee
  2. Dec 20, 2018Committee14900

    By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.

    Small Business and Entrepreneurship Committee
  3. Mar 19, 2018Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.

  4. Mar 19, 2018Committee

    Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment. Without written report.

    Small Business and Entrepreneurship Committee
  5. Mar 19, 2018Committee14000

    Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment. Without written report.

    Small Business and Entrepreneurship Committee
  6. Mar 14, 2018Committee

    Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.

    Small Business and Entrepreneurship Committee
  7. Oct 24, 2017IntroReferral

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Small Business and Entrepreneurship Committee
  8. Oct 24, 2017IntroReferral10000

    Introduced in Senate

Reported to Senate with amendment(s)Mar 19, 20181

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.
Introduced in SenateOct 24, 2017

Spurring Business in Communities Act of 2017

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.
Spurring Business in Communities Act of 2018 — Informed