[Congressional Record Volume 164, Number 41 (Thursday, March 8, 2018)]
[Senate]
[Page S1590]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2169. Mr. RUBIO submitted an amendment intended to be proposed by 
him to the bill S. 2155, to promote economic growth, provide tailored 
regulatory relief, and enhance consumer protections, and for other 
purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. __. IMPROVING THE NUMBER OF SMALL BUSINESS INVESTMENT 
                   COMPANIES IN UNDERLICENSED STATES.

       The Small Business Investment Act of 1958 (15 U.S.C. 661 et 
     seq.) is amended--
       (1) in section 103 (15 U.S.C. 662)--
       (A) in paragraph (18)(E), by striking ``and'' at the end;
       (B) in paragraph (19), by striking the period at the end 
     and inserting ``; and''; and
       (C) by adding at the end the following:
       ``(20) the term `underlicensed State' means a State in 
     which the number of licensees per capita is less than the 
     median number of licensees per capita for all States, as 
     calculated by the Administrator.'';
       (2) in section 301(c) (15 U.S.C. 681(c))--
       (A) in paragraph (3)--
       (i) in subparagraph (B)(iii), by striking ``and'' at the 
     end;
       (ii) in subparagraph (C), by striking the period at the end 
     and inserting ``; and''; and
       (iii) by adding at the end the following:
       ``(D) shall give first priority to an applicant that is 
     located in an underlicensed State with below median 
     financing, as determined by the Administrator.''; and
       (B) in paragraph (4)(B)--
       (i) by striking clause (i);
       (ii) by redesignating clauses (ii) and (iii) as clauses (i) 
     and (ii), respectively; and
       (iii) by amending clause (i), as so redesignated, to read 
     as follows:
       ``(i) is located in a State that--

       ``(I) is not served by a licensee; or
       ``(II) is an underlicensed State; and''; and

       (3) in section 308(g) (15 U.S.C. 687(g))--
       (A) in paragraph (2)--
       (i) in subparagraph (B), by inserting ``and licensing'' 
     after ``financing'';
       (ii) by redesignating subparagraphs (C) through (J) as 
     subparagraphs (E), through (L), respectively; and
       (iii) by inserting after subparagraph (B) the following:
       ``(C) The steps the Administration has taken to improve the 
     number of licensees in underlicensed States.
       ``(D) The Administration's plans to support States that 
     seek to increase the number of licensees in the State.''; and
       (B) in paragraph (3)--
       (i) in subparagraph (C), by striking ``and'' at the end;
       (ii) in subparagraph (D), by striking the period at the end 
     and inserting ``; and''; and
       (iii) by adding at the end the following:
       ``(E) the geographic dispersion of licensees in each State 
     compared to the population of the State, identifying 
     underlicensed States.''.
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