3.0.0 2188 2022-11-01T13:50:31Z 2022-11-01T13:50:31Z Senate S 2019-07-18 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2019-07-18T20:05:02Z 2019-07-18 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2019-07-18 Introduced in Senate IntroReferral 10000 9 Library of Congress H001089 Sen. Hawley, Josh [R-MO] Josh Hawley R MO N C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2019-07-18 True Commerce Administrative remedies Business investment and capital Licensing and registrations Small Business Administration Small business Commerce 00 2019-07-18 Introduced in Senate 2020-03-16T17:51:52Z SBIC Licensing Improvement Act

This bill modifies the timeline and creates an appeals process for the approval or disapproval of Small Business Investment Company (SBIC) license applications.

Specifically, when an application to be licensed as an SBIC is approved, the bill requires the Small Business Administration to issue such license within 10 business days. The bill also (1) authorizes an applicant whose application is denied to request a written decision for the disapproval, and (2) establishes an appeals process for such applicant. Lastly, the bill allows a state development company that meets certain qualifications to apply for an SBIC license.

]]> SBIC Licensing Improvement Act Display Title SBIC Licensing Improvement Act Short Title(s) as Introduced SBIC Licensing Improvement Act Introduced in Senate IS Official Title as Introduced A bill to amend the Small Business Investment Act of 1958 to improve the license application process for small business investment companies, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-07-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2188is/xml/BILLS-116s2188is.xml 2019-07-18 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.