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United States · Bill · S

S. 3375 (114th)

Small Business Innovation Act of 2016

referredUnited States· United States Congress· EN

Introduced

21 September 2016

Last action

21 September 2016 · Introduced

Status

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

Sponsors

Sen. Baldwin, Tammy [D-WI], Sen. Peters, Gary C. [D-MI]

Subjects

Taxation

Source updated

12 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Small Business Innovation Act of 2016 This bill amends the Small Business Investment Act of 1958 to authorize the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses. The SBA must establish and carry out an early-stage investment program to provide, through participating investment companies, equity financing to support early-stage businesses that have not generated positive cash flow at any time prior to an initial investment by a participating investment company. The bill outlines participating investment company application requirements and selection and approval procedures. It allows the SBA to make one or more equity financings to a participating investment company, with a limit of $100 million to any one company. A participating investment company shall make all of its investments in small businesses, of which at least 50% shall be early-stage small businesses in specified targeted industries. A separate account is established for equity financings under the program.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 September 2016

    Introduced

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

    Source: IntroReferral

  2. 21 September 2016

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 21 September 2016

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 21 September 2016

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 21 September 2016

    Open at official source

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Sponsors

Related records

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Sources

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