Small Business Capital Formation Enhancement Act

Bill: 115-s-416
Sponsor: full_name: Sen. Donnelly, Joe [D-IN]
Introduced: 2017-02-16
Policy area: Commerce
Subjects: Business investment and capital

Government studies and investigations

Securities and Exchange Commission (SEC)

Small business
Latest action: action_date: 2017-09-12
text: Held at the desk.

Summaries:
action_date: 2017-02-16
action_desc: Introduced in Senate
text: <p><b>Small Business Capital Formation Enhancement Act</b></p> <p>This bill amends the Small Business Investment Incentive Act of 1980 with respect to the annual government-business forum of the Securities and Exchange Commission (SEC) to review the current status of problems and programs relating to small business capital formation.</p> <p>The SEC shall review each of the forum's findings and recommendations and issue a public statement promptly assessing it and disclosing the action, if any, the SEC intends to take with respect to it.</p>

action_date: 2017-09-11
action_desc: Passed Senate without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Small Business Capital Formation Enhancement Act</b></p> <p>(Sec. 2) This bill amends the Small Business Investment Incentive Act of 1980 with respect to the annual government-business forum of the Securities and Exchange Commission (SEC) to review the current status of problems and programs relating to small business capital formation.</p> <p>The SEC shall review each of the forum's findings and recommendations and issue a public statement promptly assessing it and disclosing the action, if any, the SEC intends to take with respect to it.</p>

tv_txt: II 115th CONGRESS 1st Session S. 416 IN THE SENATE OF THE UNITED STATES February 16, 2017 Mr. Donnelly (for himself and Mr. Tillis ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Investment Incentive Act of 1980 to require an annual review by the Securities and Exchange Commission of the annual government-business forum on capital formation.

1. Short title This Act may be cited as the Small Business Capital Formation Enhancement Act . 2. Annual review of government-business forum on capital formation Section 503 of the Small Business Investment Incentive Act of 1980 ( 15 U.S.C. 80c–1 ) is amended by adding at the end the following: (e) The Commission shall— (1) review the findings and recommendations of the forum; and (2) each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement— (A) assessing the finding or recommendation of the forum; and (B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation. .

tv_txt: II 115th CONGRESS 1st Session S. 416 IN THE SENATE OF THE UNITED STATES February 16, 2017 Mr. Donnelly (for himself and Mr. Tillis ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship March 7, 2017 Committee discharged; referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Small Business Investment Incentive Act of 1980 to require an annual review by the Securities and Exchange Commission of the annual government-business forum on capital formation.

1. Short title This Act may be cited as the Small Business Capital Formation Enhancement Act . 2. Annual review of government-business forum on capital formation Section 503 of the Small Business Investment Incentive Act of 1980 ( 15 U.S.C. 80c–1 ) is amended by adding at the end the following: (e) The Commission shall— (1) review the findings and recommendations of the forum; and (2) each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement— (A) assessing the finding or recommendation of the forum; and (B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation. .

tv_txt: 115th CONGRESS 1st Session S. 416 IN THE SENATE OF THE UNITED STATES AN ACT To amend the Small Business Investment Incentive Act of 1980 to require an annual review by the Securities and Exchange Commission of the annual government-business forum on capital formation.

1. Short title This Act may be cited as the Small Business Capital Formation Enhancement Act . 2. Annual review of government-business forum on capital formation Section 503 of the Small Business Investment Incentive Act of 1980 ( 15 U.S.C. 80c–1 ) is amended by adding at the end the following: (e) The Commission shall— (1) review the findings and recommendations of the forum; and (2) each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement— (A) assessing the finding or recommendation of the forum; and (B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation. .

Passed the Senate September 11, 2017. Secretary