HR 4111 115th Congress

Spurring Business in Communities Act of 2017

Latest Action

Became Public Law No: 115-333.

Congress.gov

Sponsors

Rep. McMorris Rodgers, Cathy [R-WA-5]

Rep. McMorris Rodgers, Cathy [R-WA-5]

R — WA

Summary

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.
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.
Spurring Business in Communities Act of 2017 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.

Actions

2018-12-19T00:00:00

Became Public Law No: 115-333.

2018-12-19T00:00:00

Became Public Law No: 115-333.

2018-12-19T00:00:00

Signed by President.

2018-12-19T00:00:00

Signed by President.

2018-12-13T00:00:00

Presented to President.

2018-12-13T00:00:00

Presented to President.

2018-12-06T00:00:00

Message on Senate action sent to the House.

2018-12-06T00:00:00

Passed Senate without amendment by Voice Vote. (consideration: CR S7334-7335)

2018-12-06T00:00:00

Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S7334-7335)

2018-05-09T00:00:00

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 402.

2018-05-08T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2018-05-08T00:00:00

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3808-3809)

2018-05-08T00:00:00

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H3808-3809)

2018-05-08T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 4111.

2018-05-08T00:00:00

Considered under suspension of the rules. (consideration: CR H3808-3810)

2018-05-08T00:00:00

Mr. Chabot moved to suspend the rules and pass the bill.

2017-10-24T00:00:00

Referred to the House Committee on Small Business.

2017-10-24T00:00:00

Introduced in House

2017-10-24T00:00:00

Introduced in House

Policy Areas

Commerce

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