Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009
Latest action · Oct 21, 2009 Provisions of Measure Incorporated into H.R. 3854.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedOct 6, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009 - Amends the Small Business Investment Act of 1958 to require (under current law, authorizes) the Administrator of the Small Business Administration (SBA) to participate in the new markets venture capital program (program) (a program under which investment companies provide capital financing to small businesses).
Requires the Administrator, in selecting companies for program participation, to approve at least one company from each SBA geographic region.
Provides for new market capital venture investment in, as well as operational assistance to, small businesses located in low-income geographic areas and engaged primarily in manufacturing.
Makes the SBA definition of "low-income geographic area" the same as the definition of "low-income community" under the Internal Revenue Code.
Expands SBA operational assistance to conditionally-approved companies. Directs the Administrator to grant each such company two years to satisfy capital and other requirements for such assistance.
Provides: (1) a streamlined application process for new market venture capital companies; and (2) a simplified formula for operational assistance grants.
Increases amounts allocated for investment in small businesses located in low-income geographic areas and engaged primarily in manufacturing.
Redesignates (thereby expanding) the SBA's renewable fuel capital investment program as the renewable energy capital investment program. Makes such program permanent (currently a pilot program). Makes eligible under such program all small businesses (under current law, only smaller enterprises). Requires (under current law, authorizes) the Administrator to participate in such program. Increases amounts allocated for operational assistance grants for renewable energy purposes.
Cosponsors
Members who signed on, in the order they did.
Actions 6
Everything that happened, newest first.
- Oct 21, 2009Provisions of Measure Incorporated into H.R. 3854.
- Oct 8, 2009Forwarded by Subcommittee to Full Committee by Voice Vote .
- Oct 8, 2009Subcommittee Consideration and Mark-up Session Held.
- Oct 6, 2009Introduced in House
- Oct 6, 2009Referred to the House Committee on Small Business.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3854 | Small Business Financing and Investment Act of 2009 | Text similarities | Nov 2, 2009 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Oct 6, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.