US Congress Senate Bill 1995 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on October 24 2017 - 25% progression, died in chamber
Action: 2018-12-20 - By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.
Text: Latest bill text (Introduced) [PDF]

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.

Spurring Business in Communities Act of 2018

Sen. Marco Rubio [R-FL]

Sen. Tammy Baldwin [D-WI]

Sen. John Kennedy [R-LA]

Sen. Shelley Capito [R-WV]

Date	Chamber	Action
2018-12-20	Senate	By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.
2018-03-19	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.
2018-03-19	Senate	Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment. Without written report.
2018-03-14	Senate	Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
2017-10-24	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.

HB4111 (Same As) 2018-12-19 - Became Public Law No: 115-333.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1995/all-info
Text	https://www.congress.gov/115/bills/s1995/BILLS-115s1995is.pdf
Text	https://www.congress.gov/115/bills/s1995/BILLS-115s1995rs.pdf