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Micro-SBIC and Emerging Managers Program Act of 2021
Legislative Progress
Introduced
September 10, 2021
Latest Action
September 10, 2021
Primary Sponsor
Chrissy HoulahanDemocratic(PA)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 9,698 other HR bills in the 117th — cohort avg 63d
Micro-SBIC and Emerging Managers Program Act of 2021 This bill establishes programs for the Small Business Administration (SBA) to (1) issue certain applicants a license to operate a Small Business Investment Company (SBIC) and (2) provide assistance to SBICs operated by emerging managers. An SBIC is a privately owned company, licensed and regulated by the SBA, which invests in small businesses through debt and equity. First, the bill lowers the threshold to receive an SBIC license to include applicants that hold private capital of at least $5 million and have significant business expertise relevant to the applicant's investment strategy. The bill also sets limits on the amount of financing these SBICs may receive from the SBA. Additionally, the bill allows managers with substantial experience operating SBICs to enter an agreement, approved by the SBA, to provide guidance and assistance to SBIC applicants that are managed by at least two emerging managers who have an investment record of less than 10 years or who focus on underserved markets.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2022 · fourth_quarter · Small Business
SBIR/STTR programs; Next Generation Entrepreneurship Corps Act S.389/H.R.1226; Inflation Reduction Act (HR 5376) Public Law No. 117-169.; Micro-SBIC and Emerging Managers Program Act H.R.5225/S.1759; SBIR and STTR Extension Act of 2022 S.4900.
Client expense: $790,191 · Firm income: Not reported
Referred to the House Committee on Small Business.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2022 · third_quarter · Small Business
SBIR/STTR programs; Next Generation Entrepreneurship Corps Act S.389/H.R.1226; Inflation Reduction Act (HR 5376) Public Law No. 117-169.; Micro-SBIC and Emerging Managers Program Act H.R.5225/S.1759; SBIR and STTR Extension Act of 2022 S.4900.
Client expense: $607,142 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2022 · third_quarter · Small Business
SBIR/STTR programs; Next Generation Entrepreneurship Corps Act S.389/H.R.1226; Inflation Reduction Act (HR 5376) Public Law No. 117-169.; Micro-SBIC and Emerging Managers Program Act H.R.5225/S.1759; SBIR and STTR Extension Act of 2022 S.4900.
Client expense: $857,235 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2022 · second_quarter · Small Business
SBIR/STTR programs; Next Generation Entrepreneurship Corps Act S.389/H.R.1226; the Build Back Better Act, a bill to provide for reconciliation pursuant to title II of the Concurrent Resolution on the Budget for Fiscal Year 2022, S. Con. Res. 14; Micro-SBIC and Emerging Managers Program Act H.R.5225/S.1759.
Client expense: $857,235 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2022 · first_quarter · Small Business
SBIR/STTR programs; Next Generation Entrepreneurship Corps Act S.389/H.R.1226; the Build Back Better Act, a bill to provide for reconciliation pursuant to title II of the Concurrent Resolution on the Budget for Fiscal Year 2022, S. Con. Res. 14; Micro-SBIC and Emerging Managers Program Act H.R.5225/S.1759.
Client expense: $575,312 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
2021 · fourth_quarter · Small Business
SBIR/STTR programs; Next Generation Entrepreneurship Corps Act S.389/H.R.1226; the Build Back Better Act, a bill to provide for reconciliation pursuant to title II of the Concurrent Resolution on the Budget for Fiscal Year 2022, S. Con. Res. 14; Micro-SBIC and Emerging Managers Program Act H.R.5225/S.1759
Client expense: $922,143 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Energy, Dept of, Federal Communications Commission (FCC), Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Natl Science Foundation (NSF), Office of Science & Technology Policy (OSTP), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office
2021 · third_quarter · Small Business
SBIR/STTR programs; Next Generation Entrepreneurship Corps Act S.389/H.R.1226; the Build Back Better Act, a bill to provide for reconciliation pursuant to title II of the Concurrent Resolution on the Budget for Fiscal Year 2022, S. Con. Res. 14; Micro-SBIC and Emerging Managers Program Act H.R.5225/S.1759
Client expense: $594,430 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Energy, Dept of, Federal Communications Commission (FCC), Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Natl Science Foundation (NSF), Office of Science & Technology Policy (OSTP), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office