To amend the Small Business Investment Incentive Act of 1980 to require an annual review by the Securities and Exchange Commission of the annual government-business forum on capital formation that is held pursuant to such Act.
Small Business Capital Formation Enhancement Act
(Sec. 2) This bill amends the Small Business Investment Incentive Act of 1980 with respect to the annual government-business forum of the Securities and Exchange Commission (SEC) to review the current status of problems and programs relating to small business capital formation.
The SEC shall review the forum's findings and recommendations and issue a public statement promptly assessing each submitted finding or recommendation and disclosing any action the SEC intends to take on it.
Nothing in this bill shall require the SEC to agree to or act upon any finding or recommendation.
Held at the desk.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 58 - 0.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-104.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-104.
Placed on the Union Calendar, Calendar No. 61.
Mr. Hill moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2980-2981)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1312.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business. (consideration: CR H2988-2989)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 0 (Roll no. 238).(text: CR H2980)
Roll Call #238 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 0 (Roll no. 238). (text: CR H2980)
Roll Call #238 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.