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    <number>1995</number>
    <updateDate>2023-01-11T13:38:14Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:38:14Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <type>S</type>
    <introducedDate>2017-10-24</introducedDate>
    <congress>115</congress>
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        <systemCode>sssb00</systemCode>
        <name>Small Business and Entrepreneurship Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Reported by</name>
            <date>2018-03-19T20:38:39Z</date>
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            <name>Markup by</name>
            <date>2018-03-14T19:45:00Z</date>
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            <name>Referred to</name>
            <date>2017-10-24T14:35:27Z</date>
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        <citation>S. Rept. 115-449</citation>
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        <title>Spurring Business in Communities Act of 2017</title>
        <congress>115</congress>
        <number>4111</number>
        <type>HR</type>
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          <actionDate>2018-12-19</actionDate>
          <text>Became Public Law No: 115-333.</text>
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        <text>By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.</text>
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        <text>By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.</text>
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            <name>Small Business and Entrepreneurship Committee</name>
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      <item>
        <actionDate>2018-03-19</actionDate>
        <sourceSystem>
          <name>Senate</name>
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        <text>Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.</text>
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        <actionDate>2018-03-19</actionDate>
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        <text>Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment. Without written report.</text>
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        <actionDate>2018-03-19</actionDate>
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        <actionDate>2018-03-14</actionDate>
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            <name>Small Business and Entrepreneurship Committee</name>
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        <text>Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.</text>
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        <text>Read twice and referred to the Committee on Small Business and Entrepreneurship.</text>
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    <sponsors>
      <item>
        <bioguideId>R000595</bioguideId>
        <fullName>Sen. Rubio, Marco [R-FL]</fullName>
        <firstName>Marco</firstName>
        <lastName>Rubio</lastName>
        <party>R</party>
        <state>FL</state>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>B001230</bioguideId>
        <fullName>Sen. Baldwin, Tammy [D-WI]</fullName>
        <firstName>Tammy</firstName>
        <lastName>Baldwin</lastName>
        <party>D</party>
        <state>WI</state>
        <sponsorshipDate>2017-11-27</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000393</bioguideId>
        <fullName>Sen. Kennedy, John [R-LA]</fullName>
        <firstName>John</firstName>
        <lastName>Kennedy</lastName>
        <party>R</party>
        <state>LA</state>
        <middleName>Neely</middleName>
        <sponsorshipDate>2018-03-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001047</bioguideId>
        <fullName>Sen. Capito, Shelley Moore [R-WV]</fullName>
        <firstName>Shelley</firstName>
        <lastName>Capito</lastName>
        <party>R</party>
        <state>WV</state>
        <middleName>Moore</middleName>
        <sponsorshipDate>2018-06-18</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <cboCostEstimates>
      <item>
        <pubDate>2018-11-16T21:21:00Z</pubDate>
        <title>S. 1995, Spurring Business in Communities Act of 2018</title>
        <url>https://www.cbo.gov/publication/54697</url>
        <description>As reported by the Senate Committee on Small Business and Entrepreneurship on March 19, 2018</description>
      </item>
    </cboCostEstimates>
    <policyArea>
      <name>Commerce</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Business investment and capital</name>
        </item>
        <item>
          <name>Licensing and registrations</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Commerce</name>
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      <summary>
        <versionCode>00</versionCode>
        <actionDate>2017-10-24</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2018-09-14T14:59:32Z</updateDate>
        <text><![CDATA[ <p><b>Spurring Business in Communities Act of 2017</b></p> <p>This bill amends the Small Business Investment Act of 1958 to:</p> <ul> <li> require the Small Business Administration (SBA), in reviewing and processing an entity's application to become a small business investment company (SBIC), to give first priority to an SBIC applicant located in an underlicensed state (i.e., a state in which the number of licensees per capita is less than the median number of licensees per capita for all states) with below median financing; and</li> <li>exempt applicants in underlicensed states from certain SBA capital requirements.</li> </ul>]]></text>
      </summary>
      <summary>
        <versionCode>01</versionCode>
        <actionDate>2018-03-19</actionDate>
        <actionDesc>Reported to Senate with amendment(s)</actionDesc>
        <updateDate>2018-09-14T14:58:13Z</updateDate>
        <text><![CDATA[ <p><b>Spurring Business in Communities Act of 2018</b></p> <p>(Sec. 2) This bill amends the Small Business Investment Act of 1958 to:</p> <ul> <li> require the Small Business Administration (SBA), in reviewing and processing an entity's application to become a small business investment company (SBIC), to give first priority to an SBIC applicant located in an underlicensed state (i.e., a state in which the number of licensees per capita is less than the median number of licensees per capita for all states) with below median financing; and</li> <li>exempt applicants in underlicensed states from certain SBA capital requirements.</li></ul>]]></text>
      </summary>
    </summaries>
    <title>Spurring Business in Communities Act of 2018</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Spurring Business in Communities Act of 2018</title>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Spurring Business in Communities Act of 2017</title>
      </item>
      <item>
        <titleType>Short Titles as Reported to Senate</titleType>
        <title>Spurring Business in Communities Act of 2018</title>
        <chamberCode>S</chamberCode>
        <chamberName>Senate</chamberName>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Small Business Investment Act of 1958 to improve the number of small business investment companies in underlicensed States, and for other purposes.</title>
      </item>
    </titles>
    <textVersions>
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        <type>Reported to Senate</type>
        <date>2018-03-19T04:00:00Z</date>
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        <type>Introduced in Senate</type>
        <date>2017-10-24T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-115s1995is/xml/BILLS-115s1995is.xml</url>
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    <latestAction>
      <actionDate>2018-12-20</actionDate>
      <text>By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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