S. 1995: Spurring Business in Communities Act of 2018
CBO Score
$10 million
Documentation
Date of Report
Fri November 16th, 2018
CBO Report Details
Legislation Details
115th Congress
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.
Sponsor: Sen. Marco Rubio — R — FL
Spurring Business in Communities Act of 2018 (Sec. 2): This bill amends the Small Business Investment Act of 1958 to: 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 medi...
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