118th Congress Commerce
S. 2212: SBIC Advisory Committee Act of 2023
Reported
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
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.
Who scored on this bill
- 1Benjamin Cardin SponsorIntroduced, reported2 events+20
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Benjamin Cardin.
Show the full action history (5 actions)
- Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with amendments. Without written report.
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 171.
- Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
- Introduced in Senate
- Read twice and referred to the Committee on Small Business and Entrepreneurship.