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S. 1995: Spurring Business in Communities Act of 2018

CBO Score

$10 million

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...

View the full vote history of this bill on GovTrack.us.

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