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H.R. 4111: Spurring Business in Communities Act of 2017

CBO Score

$10 million

Date of Report

Fri November 16th, 2018

CBO Report Details

Legislation Details

115th Congress

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.

Sponsor: Rep. Cathy McMorris Rodgers — R — WA

Spurring Business in Communities Act of 2017 (Sec. 2) This bill amends the Small Business Investment Act of 1958 to: require the Small Business Administration (SBA), in reviewing and processing a small business investment company's (SBIC's) application, 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 ...

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