I 
115TH CONGRESS 
1ST SESSION H. R. 4111 
To amend the Small Business Investment Act of 1958 to improve the number 
of small business investment companies in underlicensed States, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 24, 2017 
Mrs. MCMORRIS RODGERS introduced the following bill; which was referred 
to the Committee on Small Business 
A BILL 
To amend the Small Business Investment Act of 1958 to 
improve the number of small business investment compa-
nies in underlicensed States, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Spurring Business in 
Communities Act of 2017’’. 
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SEC. 2. IMPROVING THE NUMBER OF SMALL BUSINESS IN-
VESTMENT COMPANIES IN UNDERLICENSED 
STATES. 
The Small Business Investment Act of 1958 (15 
U.S.C. 661 et seq.) is amended— 
(1) in section 103 (15 U.S.C. 662)— 
(A) in paragraph (18)(E), by striking 
‘‘and’’ at the end; 
(B) in paragraph (19), by striking the pe-
riod at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(20) the term ‘underlicensed State’ means a 
State in which the number of licensees per capita is 
less than the median number of licensees per capita 
for all States, as calculated by the Administrator.’’; 
(2) in section 301(c) (15 U.S.C. 681(c))— 
(A) in paragraph (3)— 
(i) in subparagraph (B)(iii), by strik-
ing ‘‘and’’ at the end; 
(ii) in subparagraph (C), by striking 
the period at the end and inserting ‘‘; 
and’’; and 
(iii) by adding at the end the fol-
lowing: 
‘‘(D) shall give first priority to an appli-
cant that is located in an underlicensed State 
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with below median financing, as determined by 
the Administrator.’’; and 
(B) in paragraph (4)(B)— 
(i) by striking clause (i); 
(ii) by redesignating clauses (ii) and 
(iii) as clauses (i) and (ii), respectively; 
and 
(iii) by amending clause (i), as so re-
designated, to read as follows: 
‘‘(i) is located in a State that— 
‘‘(I) is not served by a licensee; 
or 
‘‘(II) is an underlicensed State; 
and’’; and 
(3) in section 308(g) (15 U.S.C. 687(g))— 
(A) in paragraph (2)— 
(i) in subparagraph (B), by inserting 
‘‘and licensing’’ after ‘‘financing’’; 
(ii) by redesignating subparagraphs 
(C) through (J) as subparagraphs (E) 
through (L), respectively; and 
(iii) by inserting after subparagraph 
(B) the following: 
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‘‘(C) Steps taken by the Administration to im-
prove the number of licensees in underlicensed 
States. 
‘‘(D) The Administration’s plans to support 
States that seek to increase the number of licensees 
in the State.’’; and 
(B) in paragraph (3)— 
(i) in subparagraph (C), by striking 
‘‘and’’ at the end; 
(ii) in subparagraph (D), by striking 
the period at the end and inserting ‘‘; 
and’’; and 
(iii) by adding at the end the fol-
lowing: 
‘‘(E) the geographic dispersion of licensees in 
each State compared to the population of the State, 
identifying underlicensed States.’’. 
Æ 
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