Small Business Early-Stage Investment Act of 2009
Latest action · Nov 19, 2009 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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 7, 2009
- Passed HouseNov 18, 2009
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Early-Stage Investment Act of 2009 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to establish and carry out a program to provide equity investment financing to support early-stage small businesses in the following targeted industries: (1) agricultural technology; (2) energy technology; (3) environmental technology; (4) life science; (5) information technology; (6) digital media; (7) clean technology; (8) defense technology; and (9) photonics technology. Directs the Administrator to make grants to participating investment companies under the program and limits to $100 million the aggregate amount of all grants made to a participating investment company under the program. Requires, as a condition of receiving a grant under the program, all of the investments of participating investment companies to be in small businesses, and at least 50% to be in early-stage small businesses in the targeted industries. Directs the Administrator to monitory participant compliance with such requirements. Establishes a separate Treasury fund for such grants.
Authorizes appropriations.
Prohibits funds appropriated for such purpose from being used for a congressional earmark.
Cosponsors
Members who signed on, in the order they did.
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Oct 7, 2009 |
| Finance and Tax | Referred Oct 7, 2009Markup Oct 8, 2009Reported Oct 8, 2009 | |
| Senate | Small Business and Entrepreneurship Committee | Referred Nov 19, 2009 |
Actions 13
Everything that happened, newest first.
- Nov 19, 2009Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Nov 18, 2009Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
- Nov 18, 2009Considered under suspension of the rules. (consideration: CR H13081-13084)
- Nov 18, 2009DEBATE - The House proceeded with forty minutes of debate on H.R. 3738.
- Nov 18, 2009DEBATE - The House resumed debate on H.R. 3738.
- Nov 18, 2009Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H13081-13082)
- Nov 18, 2009Motion to reconsider laid on the table Agreed to without objection.
- Oct 21, 2009Provisions of Measure Incorporated into H.R. 3854.
- Oct 8, 2009Subcommittee Consideration and Mark-up Session Held.
- Oct 8, 2009Forwarded by Subcommittee to Full Committee by Voice Vote .
- Oct 7, 2009Introduced in House
- Oct 7, 2009Referred to the House Committee on Small Business.
- Oct 7, 2009Referred to the Subcommittee on Finance and Tax.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H4516 | Sam Graves R-MO | Jun 16, 2010 |
| House | Debate and remarks H13081–H13084Text printed H13081 | Glenn C. Nye D-VA, Jeff Flake R-AZ, Nydia M. Velázquez D-NY, Sam Graves R-MO, Sheila Jackson Lee D-TX | Nov 18, 2009 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| 111-50 | SUBCOMMITTEE MARKUP OF LEGISLATION AFFECTING THE SBA CAPITAL ACCESS PROGRAMS212 pages | Small Business Committee | Oct 8, 2009 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R41456 | SBA Small Business Investment Company Program | Report | Apr 7, 2022 |
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 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Small Business Investment Act of 1958 to establish a program for the Small Business Administration to provide financing to support early-stage small businesses in targeted industries, and for other purposes.
- Short Titles as Introduced
- Small Business Early-Stage Investment Act of 2009
- Short Titles as Passed House
- Small Business Early-Stage Investment Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Advanced technology and technological innovations
- Agricultural practices and innovations
- Alternative and renewable resources
- Broadcasting, cable, digital technologies
- Business investment and capital
- Commerce
- Computers and information technology
- Energy efficiency and conservation
- Energy research
- Environmental technology
- Financial services and investments
- Government trust funds
- Health technology, devices, supplies
- Medical research
- Military procurement, research, weapons development
- Research and development
- Small business
- Technology transfer and commercialization
Text 3
Each version as it was printed, newest first.
- Nov 19, 2009Referred in Senate
- Nov 18, 2009Engrossed in House
- Oct 7, 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
