3.0.0 1663 2023-01-12T17:52:47Z 2023-01-12T17:52:47Z Senate S S 2007-06-19 110 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2007-06-19T23:41:20Z Small Business Venture Capital Act of 2007 110 1662 S 2007-10-16 Placed on Senate Legislative Calendar under General Orders. Calendar No. 422. Procedurally related Senate 2007-06-26 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Measure incorporated into measure S.1662 ordered to be reported. Committee 2007-06-19 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S7906) IntroReferral 2007-06-19 Sponsor introductory remarks on measure. (CR S7905) IntroReferral B00100 9 Library of Congress 2007-06-19 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2007-06-19 True Commerce Authorization Community development Depressed areas Economics and Public Finance Executive reorganization Government Operations and Politics Grants-in-aid Income tax Infrastructure Manufacturing industries Minorities Minority business enterprises Small Business Administration Small business Tax credits Taxation Venture capital Women Women in business Commerce 00 2007-06-19 Introduced in Senate 2007-10-01T19:44:53Z Securing Equity for the Economic Development of Low Income Areas Act of 2007 or SEED Act - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to select at least one company from each SBA geographic region when selecting companies to participate as New Markets Venture Capital companies.

Establishes in the Investment Division of the SBA the Office of New Markets Venture Capital.

Modifies the definition of low-income geographic area to reflect the new markets tax credit under the Internal Revenue Code.

Revises the formula for the amount of operational assistance grants for new markets venture capital companies.

]]> SEED Act Display Title SEED Act Official Title as Introduced A bill to amend the Small Business Investment Act of 1958 to reauthorize the New Markets Venture Capital Program, and for other purposes. Introduced in Senate IS Short Titles as Introduced SEED Act Short Titles as Introduced Securing Equity for the Economic Development of Low Income Areas Act of 2007 Introduced in Senate 2007-06-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1663is/xml/BILLS-110s1663is.xml 2007-06-26 Committee on Small Business and Entrepreneurship. Measure incorporated into measure S.1662 ordered to be reported. 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.