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Public Law115th CongressCommerce
H.R. 4111Became Law

Spurring Business in Communities Act of 2017

This bill became law

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What it doesSummary 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.

What just happenedDec 19, 2018

Became Public Law No: 115-333.

Who’s behind it

Rep. McMorris Rodgers, Cathy [R-WA-5](R-WA)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors1committees19actions1related bills3subjects
  1. Dec 19, 2018President

    Became Public Law No: 115-333.

  2. Dec 19, 2018BecameLaw36000

    Became Public Law No: 115-333.

  3. Dec 19, 2018President

    Signed by President.

  4. Dec 19, 2018BecameLaw36000

    Signed by President.

  5. Dec 13, 2018Floor

    Presented to President.

  6. Dec 13, 2018President28000

    Presented to President.

  7. Dec 6, 2018Floor

    Message on Senate action sent to the House.

  8. Dec 6, 2018Floor

    Passed Senate without amendment by Voice Vote. (consideration: CR S7334-7335)

  9. Dec 6, 2018Floor17000

    Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S7334-7335)

  10. May 9, 2018Calendars

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 402.

  11. May 8, 2018FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  12. May 8, 2018FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3808-3809)

  13. May 8, 2018Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H3808-3809)

  14. May 8, 2018FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4111.

  15. May 8, 2018FloorH30000

    Considered under suspension of the rules. (consideration: CR H3808-3810)

  16. May 8, 2018FloorH30300

    Mr. Chabot moved to suspend the rules and pass the bill.

  17. Oct 24, 2017IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  18. Oct 24, 2017IntroReferralIntro-H

    Introduced in House

  19. Oct 24, 2017IntroReferral1000

    Introduced in House

Public LawDec 19, 201849

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.
Passed House without amendmentMay 8, 201881

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.
Introduced in HouseOct 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 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.
Spurring Business in Communities Act of 2017 — Informed