S 1995
115th Congress
Senate
Commerce
Business investment and capital
Licensing and registrations
Small business
Spurring Business in Communities Act of 2018
Introduced: October 24, 2017
See on congress.gov
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
Plain-English summary
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
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.
Committees of jurisdiction
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