S. Rept. 115-449 1 (2018-12-20)

handle is hein.congrecreports/crptxacdv0001 and id is 1 raw text is: AUT-ENTICATED

                                                       Calendar No. 350
                  115TH CONGRESS                                    REPORT
                     2d Session  JSENATE                        1   115-449


                                 DECEMBER 20, 2018.-Ordered to be printed

                        Mr. RISCH, from the Committee on Small Business and
                              Entrepreneurship, submitted the following


                                         [To accompany S. 1995]

                           [Including cost estimate of the Congressional Budget Office]
                    The  Committee  on Small  Business and  Entrepreneurship, to
                  which was referred the bill (S. 1995) to amend the Small Business
                  Investment Act of 1958 to improve the number of small business
                  investment companies in underlicensed States, and for other pur-
                  poses, having considered the same, reports favorably thereon with-
                  out amendment  and recommends  that the bill do pass.
                                         I. INTRODUCTION
                    S. 1995 was introduced by Senator Marco Rubio, for himself, on
                  October 24, 2017. The  bill's cosponsors include Senator Tammy
                  Baldwin and Senator John Kennedy.
                    This bill requires the Small Business Administration (SBA) Ad-
                  ministrator to give first priority to Small Business Investment
                  Company   (SBIC) program applicants located in underlicensed and
                  under-financed states, expands a provision in the Small Business
                  Investment Act of 1958 providing certain exemptions from full pri-
                  vate capital requirements to include applicants from underlicensed
                  states, and directs the Administrator to include additional informa-
                  tion in the SBA's annual report to Congress on small business in-
                  vestment activities.
                    During  the markup  of the bill, the bill was approved unani-
                  mously by a roll call vote as part of a manager's package.


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