Spurring Business in Communities Act of 2018

Summary

Spurring Business in Communities Act of 2017 This bill amends the Small Business Investment Act of 1958 to: require the Small Business Administration (SBA), in reviewing and processing an entity's application to become a small business investment company (SBIC), to give first priority to an SBIC applicant located in an underlicensed state (i.e., a state in which the number of licensees per capita is less than the median number of licensees per capita for all states) with below median financing; and exempt applicants in underlicensed states from certain SBA capital requirements.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 19 March 2018

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• Reported to Senate (PDF)

  Reported to Senate · EN · 19 March 2018

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• Reported to Senate with amendment(s)

  summary · EN · 19 March 2018

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• Introduced in Senate (text)

  Introduced in Senate · EN · 24 October 2017

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 October 2017

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• Introduced in Senate

  summary · EN · 24 October 2017

  Open at official source

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