S. 2521: SBIC Advisory Committee Act of 2022
Legislation Details
117th Congress
A bill to require the Administrator of the Small Business Administration to establish an SBIC Working Group, and for other purposes.
Sponsor: Sen. Benjamin Cardin — D — MD
Requires the Small Business Administration (SBA) to establish an advisory committee to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity. Composed in part of representatives of and partners with small businesses in low-income communities and rural areas, th...
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