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United States · Law · HR

H.R. 4111 (115th)

Spurring Business in Communities Act of 2017

enactedUnited States· United States Congress· EN

Introduced

24 October 2017

Last action

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Status

Became Public Law No: 115-333.

Sponsors

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Subjects

Discovery layer

Source updated

10 January 2026

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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 a small business investment company's (SBIC's) application, 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

13 official files

Enrolled Bill (text)

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