118th Congress Commerce
H.R. 5333: Investing in All of America Act of 2023
Passed House
- Introduced (completed)
- Passed House (completed)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill modifies the limit on the amount of financing available to a Small Business Investment Company (SBIC) from the Small Business Administration (SBA). It also expands the definition of private capital with respect to SBICs.
Specifically, the bill reduces the maximum outstanding financing available to an SBIC from 300% to 200% of the SBIC's private capital. The bill also includes in the amounts that may be excluded from the calculation of the financing limit the amounts an SBIC invests in small businesses in rural areas or areas of critical technology. The bill revises the cap on such excluded amounts to the lesser of $125 million or the aggregate of 50% of the private capital of the SBIC. The bill indexes the limit to inflation.
Additionally, the bill expands what is considered the private capital of an SBIC to include funds obtained from the business revenue of additional government-sponsored corporations and funds invested in the trust or endowment of a college or university.
Read the full summary
The SBA must report annually on the economic activity and jobs directly and indirectly resulting from the exclusion.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Hillary Scholten D-MIOriginal
- Donald Davis D-NC
- Mark Alford R-MO
- Young Kim R-CA
- Sharice Davids D-KS
- Blaine Luetkemeyer R-MO
- Zachary (Zach) Nunn R-IA
- Garland Barr R-KY
- Josh Gottheimer D-NJ
- Greg Landsman D-OH
- Andrew Garbarino R-NY
- Byron Donalds R-FL
- Erin Houchin R-IN
- Nicolas LaLota R-NY
- Brian Fitzpatrick R-PA
Who scored on this bill
- 1Daniel Meuser SponsorDrew cross-party cosponsors, introduced, marked up, reported, passed House5 events+68
- 2Mark AlfordCosponsored; cosponsored bill passed2 events+4
- 2Garland BarrCosponsored; cosponsored bill passed2 events+4
- 2Sharice DavidsCosponsored; cosponsored bill passed2 events+4
- 2Donald DavisCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Daniel Meuser
History
- Passed the House by voice vote.
- Introduced in the House by Daniel Meuser.
Show the full action history (13 actions)
- Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- Considered under suspension of the rules. (consideration: CR H2639-2642)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 5333.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2640)
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2640)
- Motion to reconsider laid on the table Agreed to without objection.
- Reported (Amended) by the Committee on Small Business. H. Rept. 118-469.
- Placed on the Union Calendar, Calendar No. 388.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 23 - 0.
- Introduced in House
- Referred to the House Committee on Small Business.