3.0.0 1058 2023-01-11T13:47:52Z 2023-01-11T13:47:52Z Senate S 2021-03-25 117 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2021-03-25T20:51:26Z Rural Capital Access Act 117 5521 HR 2021-10-21 Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. Identical bill CRS 2021-03-25 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S1830-1831) IntroReferral 2021-03-25 Introduced in Senate IntroReferral 10000 9 Library of Congress T000250 Sen. Thune, John [R-SD] John Thune R SD R. N S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2021-03-25 True F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE 2021-03-25 True Commerce Advisory bodies Business investment and capital Congressional oversight Executive agency funding and structure Rural conditions and development Securities Small Business Administration Small business Commerce 00 2021-03-25 Introduced in Senate 2022-03-23T20:23:45Z Rural Capital Access Act

This bill increases federally backed leverage, or investments, available to small businesses in rural areas through Small Business Administration (SBA) programs. Specifically, the bill (1) reduces restrictions on federally backed leverage for small business investment companies (SBICs) investing in small businesses located in rural areas, and (2) allows the SBA to extend as leverage to rural business investment companies certain unexpended amounts intended for SBICs.

The bill also establishes an interagency working group comprised of the SBA, the Department of Agriculture, and industry stakeholders to develop administrative and legislative recommendations to improve program coordination and capital access in rural areas.

]]> Rural Capital Access Act Display Title Rural Capital Access Act Official Title as Introduced A bill to amend the Small Business Investment Act of 1958 to provide opportunities to rural business investment companies, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Rural Capital Access Act Introduced in Senate IS Introduced in Senate 2021-03-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1058is/xml/BILLS-117s1058is.xml 2021-03-25 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text: CR S1830-1831) 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.