3.0.0 1719 2023-01-11T19:50:09Z 2023-01-11T19:50:09Z House H HR 2007-03-27 110 hssm00 Small Business Committee House Standing Referred to 2007-03-27T14:32:20Z 2007-03-27 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2007-03-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-27 Introduced in House IntroReferral 1000 9 Library of Congress M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 N R000395 Rep. Rogers, Harold [R-KY-5] HAROLD ROGERS R KY 5 2007-03-27 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2007-05-16 False C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2007-05-16 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2007-05-21 False M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 2007-05-22 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2007-05-24 False B001230 Rep. Baldwin, Tammy [D-WI-2] Tammy Baldwin D WI 2 2007-05-24 False Commerce Administrative procedure Authorization Bonds Congressional reporting requirements Depressed areas Economics and Public Finance Executive reorganization Finance and Financial Sector Government Operations and Politics Government paperwork Governmental investigations Law Loans Manufacturing industries Small Business Administration Small business Subsidies Venture capital Commerce 00 2007-03-27 Introduced in House 2007-05-10T22:15:56Z Securing Equity for the Economic Development of Low Income Areas Act of 2007 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA), in selecting companies to participate in the New Markets Venture Capital Program (Program), to select at least one company from each geographic region of the SBA. Requires (currently, authorizes) the Administrator to make grants to such companies to be used for loans to new-market small businesses, and to guarantee debentures issued by such companies.

Establishes the Office of New Markets Venture Capital, headed by a Director, to administer the Program.

Revises the definition of "low income geographic area" for Program eligibility purposes.

Requires a study by the SBA's Chief Counsel for Advocacy on the availability of equity capital in low-income urban and rural areas.

Authorizes operational assistance grants to conditionally approved companies.

]]> Securing Equity for the Economic Development of Low Income Areas Act of 2007 Official Title as Introduced To amend the Small Business Investment Act of 1958 to reauthorize and expand the New Markets Venture Capital Program, and for other purposes. Introduced in House IH Display Title Securing Equity for the Economic Development of Low Income Areas Act of 2007 Short Titles as Introduced Securing Equity for the Economic Development of Low Income Areas Act of 2007 Introduced in House 2007-03-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1719ih/xml/BILLS-110hr1719ih.xml 2007-03-27 Referred to the House Committee on Small Business. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.