SEED Act of 2012
Official title: To amend the Public Works and Economic Development Act of 1965 with respect to grants for economic adjustment, and for other purposes.
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Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Supporting Entrepreneurial Economic Development Act of 2012 or the SEED Act of 2012 - Amends the Public Works and Economic Development Act of 1965 to prohibit a recipient of an economic adjustment grant from making, but permits a venture development organization to make, a grant, equity investment, or convertible loan to a private for-profit entity.
Requires such an organization that assists a private for-profit entity with funds made available from an economic adjustment grant and that receives funds from such entity at any time as a result of such assistance to use such funds only to assist other private for-profit entities.
Defines a "venture development organization" as a public entity or private, nonprofit entity that provides to an early-stage technology business, to promote the growth of that business: (1) financial investment or assistance acquiring financial investment, (2) expert mentoring, and (3) assistance to speed the commercialization of technology.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 6099: SEED Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-6099/
"H.R. 6099: SEED Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-6099/.
H.R. 6099, 112th Cong. (2026), https://openamerica.io/bill/112-HR-6099/.
[H.R. 6099: SEED Act of 2012](https://openamerica.io/bill/112-HR-6099/)