A bill to require the Administrator of the Small Business Administration to establish an SBIC Working Group, and for other purposes.
SBIC Advisory Committee Act of 2022
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.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 280.
By Senator Cardin from Committee on Small Business and Entrepreneurship filed written report. Report No. 117-105. Minority views filed.
By Senator Cardin from Committee on Small Business and Entrepreneurship filed written report. Report No. 117-105. Minority views filed.
Measure laid before Senate by unanimous consent. (consideration: CR S5168)
The committee substitute withdrawn by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.
Passed Senate with an amendment and an amendment to the Title by Voice Vote. (text of amendment in the nature of a substitute: CR S5169-5170)
Message on Senate action sent to the House.
Received in the House.
Held at the desk.
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