Spurring Business in Communities Act of 2017 became law 421 days after introduction, with one cosponsor, a Democrat
IntroducedOct 24, 2017
Reported—
Passed one chamberMay 8, 2018
Passed bothDec 6, 2018
LawDec 19, 2018
What it changes · CRS summary
Written by the Congressional Research Service [2]. 89 words.
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.
Context
- Committees
- House Small Business Committee
- Policy area
- Commerce: 44 of 2,416 bills became law, 113th–118th (1.8%)
- Sponsor
- 5 of 118 bills enacted since 2013
- Text versions
- 5, from enrolled bill to public law · 636 words
- Subjects
- Business investment and capitalLicensing and registrationsSmall business
- Latest action
- Dec 19, 2018: Became Public Law No: 115-333.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 1
Each bill appears once, under its strongest link. 1 in all.
Identical or companion · 1
- 115th S. 1995 Spurring Business in Communities Act of 2018 R · Reported
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]