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HR 2489 115th Congress House Commerce Business investment and capital Research and development Securities Small business Technology transfer and commercialization

To amend the Small Business Investment Act of 1958 and the Small Business Act to include small business investment companies in the Small Business Innovation Research Program and the Small Business Technology Transfer Program, and for other purposes.

Introduced: May 17, 2017 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2017
Referred to the House Committee on Small Business.
May 17, 2017
Introduced in House
 Plain-English summary Congressional Research Service

This bill amends the Small Business Investment Act of 1958 to require the Small Business Administration (SBA), when calculating the outstanding leverage of a small business investment company (SBIC), to exclude investments made in Small Business Innovation Research (SBIR) participants and Small Business Technology Transfer (STTR) participants. (SBICs are subject to a limit on their outstanding leverage. SBIR and STTR participants are small business concerns that receive SBA contracts or grants for research and development.)

The Small Business Act is amended to include SBICs as a type of investor (along with venture capital, hedge fund, and private equity firms) whose investment must be considered for various purposes under the SBIR and STTR programs.

What's happening now May 17, 2017

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1