Spurring Business in Communities Act of 2017

Bill: 115-hr-4111
Sponsor: Rep. McMorris Rodgers, Cathy [R-WA-5]
Introduced: 2017-10-24 in the House
Policy area: Commerce
Subjects: Business investment and capital
Licensing and registrations
Small business

Summary:
action_date: 2017-10-24
text: 

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 a small business investment company's (SBIC's) application, 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.


action_date: 2018-05-08
text: 

Spurring Business in Communities Act of 2017

 
(Sec. 2) This bill amends the Small Business Investment Act of 1958 to:
 
 
 require the Small Business Administration (SBA), in reviewing and processing a small business investment company's (SBIC's) application, 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.


action_date: 2018-12-19
text: 

Spurring Business in Communities Act of 2017

 
(Sec. 2) This bill amends the Small Business Investment Act of 1958 to:
 
 
 require the Small Business Administration (SBA), in reviewing and processing a small business investment company's (SBIC's) application, 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.



Legislative actions:
action_date: 2018-12-19
text: Became Public Law No: 115-333.
action_date: 2018-12-19
text: Became Public Law No: 115-333.
action_date: 2018-12-19
text: Signed by President.
action_date: 2018-12-19
text: Signed by President.
action_date: 2018-12-13
text: Presented to President.
action_date: 2018-12-13
text: Presented to President.
action_date: 2018-12-06
text: Message on Senate action sent to the House.
action_date: 2018-12-06
text: Passed Senate without amendment by Voice Vote. (consideration: CR S7334-7335)
action_date: 2018-12-06
text: Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S7334-7335)
action_date: 2018-05-09
text: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 402.
action_date: 2018-05-08
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-05-08
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3808-3809)
action_date: 2018-05-08
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H3808-3809)
action_date: 2018-05-08
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4111.
action_date: 2018-05-08
text: Considered under suspension of the rules. (consideration: CR H3808-3810)
action_date: 2018-05-08
text: Mr. Chabot moved to suspend the rules and pass the bill.
action_date: 2017-10-24
text: Referred to the House Committee on Small Business.
action_date: 2017-10-24
text: Introduced in House
action_date: 2017-10-24
text: Introduced in House

Enacted as: number: 115-333