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![handle is hein.congrecreports/crptxacdv0001 and id is 1 raw text is: AUT-ENTICATED
U.S.GOVERNMENT
INFORMATION
Calendar No. 350
115TH CONGRESS REPORT
2d Session JSENATE 1 115-449
SPURRING BUSINESS IN COMMUNITIES ACT OF 2017
DECEMBER 20, 2018.-Ordered to be printed
Mr. RISCH, from the Committee on Small Business and
Entrepreneurship, submitted the following
REPORT
[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.
89-010](ViewImageLocal?handle=hein.congrecreports/crptxacdv0001&div=1&collection=&method=preview&ext=.png&size=3)