SBIC Advisory Committee Act of 2023

Summary

SBIC Advisory Committee Act of 202 3 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.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 25 July 2023

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• Reported to Senate (PDF)

  Reported to Senate · EN · 25 July 2023

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• Reported to Senate

  summary · EN · 25 July 2023

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• Introduced in Senate (text)

  Introduced in Senate · EN · 22 June 2023

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 June 2023

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• Introduced in Senate

  summary · EN · 22 June 2023

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