3.0.0 6099 2021-09-28T14:38:06Z 2021-09-28T14:38:06Z House H HR 2012-07-11 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARNAHAN:H.R. 6099.Congress has the power to enact this legislation pursuantto the following:Article I, Section 1. ``All legislative Powers hereingranted shall be vested in a Congress of the United States,which shall consist of a Senate and a House ofRepresentatives.''[Page H4827]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2012-07-31T14:41:26Z Referred to 2012-07-11T14:01:20Z hspw00 Transportation and Infrastructure Committee House Standing hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee Referred to 2012-07-12T18:32:04Z Referred to 2012-07-11T14:01:15Z 2012-07-31 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2012-07-12 hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee 1 House committee actions Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. Committee 2012-07-11 Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-07-11 Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2012-07-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-07-11 Introduced in House IntroReferral 1000 9 Library of Congress C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 N P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2012-07-11 True H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2012-07-11 True H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2012-07-11 True B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2012-07-19 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2012-08-02 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2012-08-02 False Economics and Public Finance Advanced technology and technological innovations Business investment and capital Economic development Small business Technology transfer and commercialization Economics and Public Finance 00 2012-07-11 Introduced in House 2012-10-15T18:35:07Z Supporting Entrepreneurial Economic Development Act of 2012 or the SEED Act of 2012 - Amends the Public Works and Economic Development Act of 1965 to prohibit a recipient of an economic adjustment grant from making, but permits a venture development organization to make, a grant, equity investment, or convertible loan to a private for-profit entity.

Requires such an organization that assists a private for-profit entity with funds made available from an economic adjustment grant and that receives funds from such entity at any time as a result of such assistance to use such funds only to assist other private for-profit entities.

Defines a "venture development organization" as a public entity or private, nonprofit entity that provides to an early-stage technology business, to promote the growth of that business: (1) financial investment or assistance acquiring financial investment, (2) expert mentoring, and (3) assistance to speed the commercialization of technology.

]]> SEED Act of 2012 Short Titles as Introduced SEED Act of 2012 Short Titles as Introduced Supporting Entrepreneurial Economic Development Act of 2012 Display Title SEED Act of 2012 Official Title as Introduced To amend the Public Works and Economic Development Act of 1965 with respect to grants for economic adjustment, and for other purposes. Introduced in House 2012-07-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6099ih/xml/BILLS-112hr6099ih.xml 2012-07-31 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. 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.