Small Business Investment Improvement Act of 2019
Latest action · Jun 26, 2019 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.
- IntroducedJun 26, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Investment Improvement Act of 2019
This bill directs the Small Business Administration to approve or decline an applicant seeking a license to operate as a small business investment company (SBIC) within certain specified timelines, and it requires an applicant to successfully pass a Federal Bureau of Investigation background check before it may become an SBIC.
Cosponsors 8
Members who signed on, in the order they did. Signatures ran from Jun 26, 2019 to Jul 22, 2019; 6 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Cory A. Booker | Original | Jun 26, 2019 |
| R-ID | Mike Crapo | Original | Jun 26, 2019 |
| R-WV | Shelley Moore Capito | Original | Jun 26, 2019 |
| D-IL | Tammy Duckworth | Original | Jun 26, 2019 |
| R-SC | Tim Scott | Original | Jun 26, 2019 |
| R-IN | Todd Young | Original | Jun 26, 2019 |
| R-LA | John Kennedy | Jul 22, 2019 | |
| R-IA | Joni Ernst | Jul 22, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Small Business and Entrepreneurship Committee | Referred Jun 26, 2019 |
Actions 2
Everything that happened, newest first.
- Jun 26, 2019Introduced in Senate
- Jun 26, 2019Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4944 | Small Business Investment Improvement Act of 2019 | Identical bill | Oct 31, 2019 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to require the Small Business Administration to issue licenses under the Small Business Investment Act of 1958 within particular time frames, and for other purposes.
- Short Title(s) as Introduced
- Small Business Investment Improvement Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Jun 26, 2019Introduced in Senate
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.
