Small Business Investment Opportunity Act of 2017
Latest action · Jun 21, 2018 Became Public Law No: 115-187.
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.
- IntroducedMay 3, 2017
- Passed HouseJul 24, 2017
- Passed SenateJun 5, 2018
- To the PresidentJun 13, 2018
- Became lawJun 21, 2018Public Law 115-187
Summary
Small Business Investment Opportunity Act of 2017
(Sec. 2) This bill amends the Small Business Investment Act of 1958 to increase the maximum amount of outstanding leverage (i.e., borrowing power) made available to any licensed small business investment company from $150 million to $175 million.
Cosponsors 2
Members who signed on, in the order they did. All signed on May 3, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Carlos Curbelo | Original | May 3, 2017 |
| D-CA | Judy Chu | Original | May 3, 2017 |
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 May 3, 2017Markup Jun 15, 2017Reported Jul 12, 2017 |
| Senate | Small Business and Entrepreneurship Committee | Referred Jul 25, 2017Discharged Jun 5, 2018 |
Actions 19
Everything that happened, newest first.
- Jun 21, 2018Signed by President.
- Jun 21, 2018Became Public Law No: 115-187.
- Jun 13, 2018Presented to President.
- Jun 6, 2018Message on Senate action sent to the House.
- Jun 5, 2018Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: CR S2998)
- Jun 5, 2018Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: CR S2998)
- Jun 5, 2018Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- Jul 25, 2017Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jul 24, 2017Mr. Chabot moved to suspend the rules and pass the bill, as amended.
- Jul 24, 2017Considered under suspension of the rules. (consideration: CR H6178-6179)
- Jul 24, 2017DEBATE - The House proceeded with forty minutes of debate on H.R. 2333.
- Jul 24, 2017Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6178)
- Jul 24, 2017Motion to reconsider laid on the table Agreed to without objection.
- Jul 12, 2017Reported (Amended) by the Committee on Small Business. H. Rept. 115-215.
- Jul 12, 2017Placed on the Union Calendar, Calendar No. 151.
- Jun 15, 2017Committee Consideration and Mark-up Session Held.
- Jun 15, 2017Ordered to be Reported (Amended).
- May 3, 2017Introduced in House
- May 3, 2017Referred to the House Committee on Small Business.
In the Congressional Record 3
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 |
|---|---|---|---|
| Senate | Debate and remarks S3027 | Benjamin L. Cardin D-MD | Jun 6, 2018 |
| Senate | Debate and remarks S2998 | Mitch McConnell R-KY | Jun 5, 2018 |
| House | Debate and remarks H6178, H6179Text printed H6178 | Judy Chu D-CA, Ralph Norman R-SC, Roger Marshall R-KS, Steve Chabot R-OH | Jul 24, 2017 |
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.
Committee report
Congressional Budget Office cost estimate
- Jul 24, 2017H.R. 2333, Small Business Investment Opportunity Act of 2017As reported by the House Committee on Small Business on July 12, 2017
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 76, May 3, 2017, page H3324.
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 |
|---|---|---|---|
| H.A.S.C. No. 115-96 | Member Day89 pages | Armed Services Committee | Apr 11, 2018 |
CRS reports 5
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 5
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R40985 | Small Business: Access to Capital and Job Creation Archived | Report | Jul 14, 2022 |
| R43083 | SBA Assistance to Small Business Startups: Client Experiences and Program Impact Archived | Report | Jul 11, 2022 |
| R41456 | SBA Small Business Investment Company Program | Report | Apr 7, 2022 |
| R42565 | SBA New Markets Venture Capital Program Archived | Report | Mar 11, 2021 |
| IF10847 | The Visa Waiver Program: Balancing Tourism and National Security Archived | Resource | Mar 15, 2018 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2527 | Small Business Investment Opportunity Act of 2018 | Related bill | Jun 7, 2018 |
| HR 5515 | John S. McCain National Defense Authorization Act for Fiscal Year 2019 | Related bill | Aug 13, 2018 |
Titles 8
Every title it has carried, official and short, at each stage.
- Official Title
- An act to amend the Small Business Investment Act of 1958 to increase the amount of leverage made available to small business investment companies
- Short Title
- Small Business Investment Opportunity Act of 2017
- Official Title as Introduced
- To amend the Small Business Investment Act of 1958 to increase the amount of leverage made available to small business investment companies.
- Short Titles as Introduced
- Small Business Investment Opportunity Act of 2017
- Short Titles as Reported to House
- Small Business Investment Opportunity Act of 2017
- Short Titles as Passed House
- Small Business Investment Opportunity Act of 2017
- Short Titles as Passed Senate
- Small Business Investment Opportunity Act of 2017
- Short Titles as Enacted
- Small Business Investment Opportunity Act of 2017
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 5
Each version as it was printed, newest first.
- —Enrolled Bill
- Jul 25, 2017Referred in Senate
- Jul 24, 2017Engrossed in House
- Jul 12, 2017Reported in House
- May 3, 2017Introduced 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.
