US SB1975 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 7-2)
Status: Introduced on June 26 2019 - 25% progression, died in committee
Action: 2019-06-26 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 26 2019 - 25% progression, died in committee
Action: 2019-06-26 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Directs the Small Business Administration to approve or decline an applicant seeking a license to operate as a small business investment company (SBIC) within certain specified timelines, and it requires an applicant to successfully pass a Federal Bureau of Investigation background check before it may become an SBIC.
Title
Small Business Investment Improvement Act of 2019
Sponsors
| Sen. James Risch [R-ID] | Sen. Mike Crapo [R-ID] | Sen. Shelley Capito [R-WV] | Sen. Todd Young [R-IN] |
| Sen. Tammy Duckworth [D-IL] | Sen. Cory Booker [D-NJ] | Sen. Tim Scott [R-SC] | Sen. John Kennedy [R-LA] |
| Sen. Joni Ernst [R-IA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-26 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Same As/Similar To
HB4944 (Same As) 2019-10-31 - Referred to the House Committee on Small Business.
Subjects
Business investment and capital
Commerce
Criminal justice information and records
Licensing and registrations
Small business
Commerce
Criminal justice information and records
Licensing and registrations
Small business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1975/all-info |
| Text | https://www.congress.gov/116/bills/s1975/BILLS-116s1975is.pdf |
