HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.
![handle is hein.congrecreports/crptxaejs0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
Calendar No. 280
117TH CONGRESS REPORT
2d Session SENATE 117-105
SBIC ADVISORY COMMITTEE ACT OF 2022
MAY 3, 2022.-Ordered to be printed
Mr. CARDIN, from the Committee on Small Business and
Entrepreneurship, submitted the following
R E P O R T
together with
MINORITY VIEWS
[To accompany S. 2521]
The Committee on Small Business and Entrepreneurship, to
which was referred the bill (S. 2521) to require the Administrator
of the Small Business Administration to establish an SBIC Work-
ing Group, and for other purposes, reports favorably thereon, with
an amendment in the nature of a substitute and an amendment to
the title, and recommends that the bill, as amended, do pass.
I. INTRODUCTION
A bill to require the Administrator of the Small Business Admin-
istration to establish an SBIC Advisory Committee, (S. 2521) was
introduced by Senator Ben Cardin and Senator Jim Risch on July
28, 2021.
This bill directs the U.S. Small Business Administration (SBA)
Administrator to establish an SBIC Advisory Committee to develop
recommendations for increasing the diversity of the investments
made by the SBIC program to include a greater number of busi-
nesses owned by members of underserved communities and busi-
nesses located in underfinanced States.
During the markup of the bill, the Cardin substitute amendment
and the Cardin long title amendment to the bill were approved by
a voice vote as part of a manager's package. The Cardin substitute
amendment changes the name of the SBIC working group to the
29-010](ViewImageLocal?handle=hein.congrecreports/crptxaejs0001&div=1&collection=&method=preview&ext=.png&size=3)