3.0.0 1491 2019-11-15T21:40:04Z 2019-11-15T21:40:04Z House H HR 2009-03-12 111 hssm00 Small Business Committee House Standing hssm19 Finance and Tax Referred to 2009-03-12T20:59:31Z Referred to 2009-03-12T14:01:46Z 2009-03-12 hssm19 Finance and Tax 1 House committee actions Referred to the Subcommittee on Finance and Tax. Committee 2009-03-12 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2009-03-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-03-12 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 2009-03-12 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2009-03-12 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2009-03-16 False Commerce Administrative law and regulatory procedures Business investment and capital Economic development Executive agency funding and structure Financial services and investments Government lending and loan guarantees Government studies and investigations Manufacturing Public contracts and procurement Small Business Administration Small business Commerce 00 2009-03-12 Introduced in House 2009-03-26T16:48:10Z Securing Equity for the Economic Development of Low Income Areas Act of 2009 - 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 (current law 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 2009 Short Titles as Introduced Securing Equity for the Economic Development of Low Income Areas Act of 2009 Display Title Securing Equity for the Economic Development of Low Income Areas Act of 2009 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 2009-03-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1491ih/xml/BILLS-111hr1491ih.xml 2009-03-12 Referred to the Subcommittee on Finance and Tax. 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.