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MicroCap Small Business Investing Act of 2021
Legislative Progress
Introduced
May 20, 2021
Latest Action
October 27, 2021
Primary Sponsor
John W. HickenlooperDemocratic(CO)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
91pct
160d open
vs 5,357 other S bills in the 117th — cohort avg 38d
MicroCap Small Business Investing Act of 2021 This bill authorizes the Small Business Administration (SBA) to issue up to ten Small Business Investment Company (SBIC) licenses each year to certain applicants. An SBIC is a privately owned company, licensed and regulated by the SBA, which invests in small businesses through debt and equity. A license issued under the bill must be awarded to an applicant that would otherwise be issued a license except that the management of the applicant does not satisfy certain qualification requirements such as investment experience; where the fund managers have a documented record of successful business experience, a record of business management success, or knowledge in the particular industry or business in which the investment strategy is being pursued; and that will make at least 25% of its investments in specified areas and businesses (e.g., low-income communities, businesses owned or controlled by individuals in underserved communities, and rural areas). The SBA must prioritize applicants that are located in states with fewer licenses and establish a streamlined application process for those licenses.
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
Committee on Small Business and Entrepreneurship. Hearings held.
Committee on Small Business and Entrepreneurship. Hearings held.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
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