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S 1995 115th Congress Senate Commerce Business investment and capital Licensing and registrations Small business

Spurring Business in Communities Act of 2017

Introduced: October 24, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 20, 2018
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.
Mar 19, 2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.
Mar 19, 2018
Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment. Without written report.
Mar 14, 2018
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Oct 24, 2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Oct 24, 2017
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 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.
What's happening now December 20, 2018

By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.

 Related & companion bills 1
  • HR 4111 Identical bill Spurring Business in Communities Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Capito, Shelley Moore
West Virginia · Jun 18, 2018
 R
Kennedy, John
Louisiana · Mar 12, 2018
 D
Baldwin, Tammy
Wisconsin · Nov 27, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1995: Spurring Business in Communities Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-1995/
MLA
"S. 1995: Spurring Business in Communities Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1995/.
Bluebook (legal)
S. 1995, 115th Cong. (2026), https://openamerica.io/bill/115-S-1995/.
Markdown link
[S. 1995: Spurring Business in Communities Act of 2018](https://openamerica.io/bill/115-S-1995/)
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