SBIC Advisory Committee Act of 2022
This bill requires the Small Business Administration (SBA) to establish an advisory committee to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.
Composed in part of representatives of and partners with small businesses in low-income communities and rural areas, the advisory committee must make recommendations for SBICs to invest in (1) underlicensed and underfinanced states; and (2) small businesses owned by socially or economically disadvantaged individuals, veterans, and women.
SBIC Advisory Committee Act of 2022
This bill requires the Small Business Administration (SBA) to establish an advisory committee to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.
Composed in part of representatives of and partners with small businesses in low-income communities and rural areas, the advisory committee must make recommendations for (1) how the SBA can increase the number of applicants to become SBICs, particularly in low-income, underserved, and rural communities and areas; and (2) incentivizing investment by and location of SBICs in underfinanced states.
SBIC Working Group Act of 2021
This bill requires the Small Business Administration (SBA) to establish a working group to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.
Composed in part of representatives of and partners with small businesses in low-income communities and rural areas, the working group must make recommendations for (1) how the SBA can increase the number of applicants to become SBICs, particularly in low-income, underserved, and rural communities and areas; and (2) incentivizing investment by and location of SBICs in underfinanced states.
(consideration: CR S5168)
Passed Senate with an amendment and an amendment to the Title by Voice Vote.
(text of amendment in the nature of a substitute: CR S5169-5170)
Reported by Senator Cardin with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Reported by Senator Cardin with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Ordered to be reported with an amendment in the nature of a substitute favorably.