Securing Equity for the Economic Development of Low Income Areas Act of 2005

Summary

Securing Equity for the Economic Development of Low Income Areas Act of 2005 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA), in selecting companies to participate in the New Markets Venture Capital Program (Program), to select at least one company from each geographic region of the SBA. Requires (currently, authorizes) the Administrator to make grants to such companies to be used for loans to new-market small businesses, and to guarantee debentures issued by such companies. Establishes the Office of New Markets Venture Capital, headed by a Director, to administer the Program. Revises the definition of "low income geographic area" for Program eligibility purposes. Requires a study by the SBA's Chief Counsel for Advocacy on the availability of equity capital in low-income urban and rural areas. Authorizes operational assistance grants to conditionally approved companies.

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Timeline

1. 10 November 2005

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 10 November 2005

   Introduced

   Sponsor introductory remarks on measure. (CR E2334-2335)

   Source: IntroReferral

3. 10 November 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 November 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 November 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 November 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 November 2005

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 10 November 2005

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  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Moore, Gwen [D-WI-4] · D · Sponsor
• Rep. Rogers, Harold [R-KY-5] · R · Sponsor
• Rep. McHugh, John M. [R-NY-23] · R · Cosponsor
• Rep. Owens, Major R. [D-NY-11] · D · Cosponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. Carson, Julia [D-IN-7] · D · Cosponsor
• Rep. Case, Ed [D-HI-1] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• Rep. DeGette, Diana [D-CO-1] · D · Cosponsor
• Rep. Barrow, John [D-GA-12] · D · Cosponsor
• Sen. Baldwin, Tammy [D-WI] · D · Cosponsor
• · hssm00 · Standing

Related records

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