Small Business Capital Formation Enhancement Act

Bill: 115-hr-1312
Sponsor: full_name: Rep. Poliquin, Bruce [R-ME-2]
Introduced: 2017-03-02
Policy area: Commerce
Subjects: Business investment and capital

Government studies and investigations

Securities and Exchange Commission (SEC)

Small business
Latest action: action_date: 2017-05-02
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2017-03-02
action_desc: Introduced in House
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: 2017-05-01
action_desc: Passed House amended
text: <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 the forum's findings and recommendations and issue a public statement promptly assessing each submitted finding or recommendation and disclosing any action the SEC intends to take on it.</p> <p>Nothing in this bill shall require the SEC to agree to or act upon any finding or recommendation.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 1312 IN THE HOUSE OF REPRESENTATIVES March 2, 2017 Mr. Poliquin (for himself and Mr. Vargas ) introduced the following bill; which was referred to the Committee on Financial Services 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 that is held pursuant to such Act.

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: I 115th CONGRESS 1st Session H. R. 1312 IN THE HOUSE OF REPRESENTATIVES 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 that is held pursuant to such Act.

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. (f) Forum findings Nothing in this section shall require the Commission to agree to or act upon any finding or recommendation of the forum. .

Passed the House of Representatives May 1, 2017. Karen L. Haas, Clerk.

tv_txt: IB Union Calendar No. 61 115th CONGRESS 1st Session H. R. 1312 [Report No. 115–104] IN THE HOUSE OF REPRESENTATIVES March 2, 2017 Mr. Poliquin (for himself and Mr. Vargas ) introduced the following bill; which was referred to the Committee on Financial Services May 1, 2017 Additional sponsor: Mr. Hollingsworth May 1, 2017 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on March 2, 2017 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 that is held pursuant to such Act.

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. (f) Forum findings Nothing in this section shall require the Commission to agree to or act upon any finding or recommendation of the forum. .

May 1, 2017 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: IIB 115th CONGRESS 1st Session H. R. 1312 IN THE SENATE OF THE UNITED STATES May 2, 2017 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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 that is held pursuant to such Act.

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. (f) Forum findings Nothing in this section shall require the Commission to agree to or act upon any finding or recommendation of the forum. .

Passed the House of Representatives May 1, 2017. Karen L. Haas, Clerk