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United States · Bill · HR

H.R. 3567 (110th)

Small Business Investment Expansion Act of 2007

referredUnited States· United States Congress· EN

Introduced

18 September 2007

Last action

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Status

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Small Business Investment Expansion Act of 2007 - Amends the Small Business Investment Act of 1958 to, among other things: (1) increase small business investment company investment limits for women-owned and socially disadvantaged small businesses; (2) provide increased capital investment requirements with respect to companies engaged in the development of, and investment in, small manufacturers; (3) require a study on the availability of equity capital in low-income urban and rural areas; (4) require the Administrator of the Small Business Administration (SBA) to make operational assistance grants to conditionally approved companies for investment in small businesses; (5) provide a streamlined application process with respect to the new markets venture capital program; (6) extend the authorization of appropriations for grants and loan guarantees for companies engaged in the development of and investment in small manufacturers; (7) establish within the SBA an Office of Angel Investment to provide financing to angel groups for making investments in local or regional small businesses; (8) require a study of the funding structure of the SBA's surety bond program; and (9) require the Administrator to carry out a preferred surety bond program. Amends the Small Business Act to revise the standards for determining whether a business is independently owned and operated for purposes of the venture capital investment program. Defines the term "independently owned and operated."

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Documents

11 official files

Referred in Senate (text)

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Sources

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