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Bill117th CongressFiled Jul 28, 2021Commerce
S. 2521

SBIC Advisory Committee Act of 2022

Bill journey · stage 1 of 5

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What it doesSummary 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.

What just happenedSep 29, 2022

Held at the desk.

Who’s behind it

Sen. Cardin, Benjamin L. [D-MD](D-MD)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors1committees15actions1amendments7subjects
  1. Sep 29, 2022FloorH15000

    Held at the desk.

  2. Sep 29, 2022FloorH14000

    Received in the House.

  3. Sep 29, 2022Floor

    Message on Senate action sent to the House.

  4. Sep 28, 2022Floor

    Passed Senate with an amendment and an amendment to the Title by Voice Vote. (text of amendment in the nature of a substitute: CR S5169-5170)

  5. Sep 28, 2022Floor17000

    Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.

  6. Sep 28, 2022Floor

    The committee substitute withdrawn by Unanimous Consent.

  7. Sep 28, 2022Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S5168)

  8. May 3, 2022Floor

    By Senator Cardin from Committee on Small Business and Entrepreneurship filed written report. Report No. 117-105. Minority views filed.

    Small Business and Entrepreneurship Committee
  9. May 3, 2022Committee14900

    By Senator Cardin from Committee on Small Business and Entrepreneurship filed written report. Report No. 117-105. Minority views filed.

    Small Business and Entrepreneurship Committee
  10. Feb 17, 2022Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 280.

  11. Feb 17, 2022Committee

    Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute and an amendment to the title. Without written report.

    Small Business and Entrepreneurship Committee
  12. Feb 17, 2022Committee14000

    Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute and an amendment to the title. Without written report.

    Small Business and Entrepreneurship Committee
  13. Feb 15, 2022Committee

    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Small Business and Entrepreneurship Committee
  14. Jul 28, 2021IntroReferral

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

    Small Business and Entrepreneurship Committee
  15. Jul 28, 2021IntroReferral10000

    Introduced in Senate

Passed SenateSep 28, 202255

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.

Reported to SenateFeb 17, 202225

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 (1) how the SBA can increase the number of applicants to become SBICs, particularly in low-income, underserved, and rural communities and areas; and (2) incentivizing investment by and location of SBICs in underfinanced states.

Introduced in SenateJul 28, 2021

SBIC Working Group Act of 2021

This bill requires the Small Business Administration (SBA) to establish a working group 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 working group must make recommendations for (1) how the SBA can increase the number of applicants to become SBICs, particularly in low-income, underserved, and rural communities and areas; and (2) incentivizing investment by and location of SBICs in underfinanced states.

SBIC Advisory Committee Act of 2022 — Informed