Pipeline · Bill → Law
Step 1
Introduced
Jun 22, 2023
Step 2
Referred
Jun 22, 2023
Small Business and Entrepreneurship
Step 3
Committee
Jul 19, 2023
Reported out
Step 4
Senate
Jul 25, 2023
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS 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.
Timeline · 5 actions
Jul 25, 2023
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with amendments. Without written report.
Jul 25, 2023
Placed on Senate Legislative Calendar under General Orders. Calendar No. 171.
Jul 19, 2023
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Jun 22, 2023
Introduced in Senate
Jun 22, 2023
Read twice and referred to the Committee on Small Business and Entrepreneurship.