S 2212 · 118th Congress · Commerce

SBIC Advisory Committee Act of 2023

Introduced 2023-06-22· Sponsored by Sen. Cardin, Benjamin L. [D-MD]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 171.(2023-07-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

CBO Cost Estimate

Congressional Budget Office

S. 2212, SBIC Advisory Committee Act of 2023

Sep 28, 2023

As reported by the Senate Committee on Small Business and Entrepreneurship on July 25, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office