115-hr-4111115th Congress

Spurring Business in Communities Act of 2017

Sponsored By: Representative McMorris Rodgers, Cathy [R-WA-5]

Unknown

Summary

Spurring Business in Communities Act of 2017 This bill amends the Small Business Investment Act of 1958 to: require the Small Business Administration (SBA), in reviewing and processing a small business investment company's (SBIC's) application, 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 median financing; and exempt applicants in underlicensed states from certain SBA capital requirements.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

McMorris Rodgers, Cathy [R-WA-5]

WA • R

Cosponsors

  • Rep. Murphy, Stephanie N. [D-FL-7]

    FL • D

    Sponsored 5/7/2018

Roll Call Votes

No roll call votes available for this bill.

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