HR 3567 · 110th Congress · Commerce

Small Business Investment Expansion Act of 2007

Introduced 2007-09-18· Sponsored by Rep. Altmire, Jason [D-PA-4]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.(2007-09-28)

Recorded Votes

PassedHouse · 2007-09-27
Roll #923
Yea 325Nay 72
Democrats
213 Yea·0 Nay
Republicans
112 Yea·72 Nay
PassedHouse · 2007-09-27
Roll #923
Yea 325Nay 72
Democrats
213 Yea·0 Nay
Republicans
112 Yea·72 Nay
FailedHouse · 2007-09-27
Roll #922
Yea 183Nay 213
Democrats
0 Yea·212 Nay
Republicans
183 Yea·1 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Small Business Investment Expansion Act of 2007 - Amends the Small Business Investment Act of 1958 to, among other things: (1) increase small business investment company investment limits for women-owned and socially disadvantaged small businesses; (2) provide increased capital investment requirements with respect to companies engaged in the development of, and investment in, small manufacturers; (3) require a study on the availability of equity capital in low-income urban and rural areas; (4) require the Administrator of the Small Business Administration (SBA) to make operational assistance grants to conditionally approved companies for investment in small businesses; (5) provide a streamlined application process with respect to the new markets venture capital program; (6) extend the authorization of appropriations for grants and loan guarantees for companies engaged in the development of and investment in small manufacturers; (7) establish within the SBA an Office of Angel Investment to provide financing to angel groups for making investments in local or regional small businesses; (8) require a study of the funding structure of the SBA's surety bond program; and (9) require the A…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 3567, Small Business Investment Expansion Act of 2007

Sep 24, 2007

<p>Cost estimate for the bill as ordered reported by the House Committee on Small Business on September 20, 2007</p>

Full CBO report ↗

H.R. 3567, Small Business Investment Expansion Act of 2007

Sep 24, 2007

Cost estimate for the bill as ordered reported by the House Committee on Small Business on September 20, 2007

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (3)

2 Democrats1 Republican