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   &lt;pre&gt;[Congressional Record Volume 167, Number 102 (Friday, June 11, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. NEGUSE:H.R. 3842.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H2710]&lt;/pre&gt;
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     &lt;p&gt;&lt;b&gt;MicroCap Small Business Investing Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;A license issued under the bill must be awarded to an applicant&lt;/p&gt; &lt;ul&gt; &lt;li&gt;that would otherwise be issued a license except that the management of the applicant does not satisfy certain qualification requirements such as investment experience;&lt;/li&gt; &lt;li&gt;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&lt;/li&gt; &lt;li&gt;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). &lt;/li&gt; &lt;/ul&gt; &lt;p&gt;The SBA must prioritize applicants that are located in states with fewer licenses and establish a streamlined application process for those licenses.&lt;/p&gt;
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   MicroCap Small Business Investing Act of 2021
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     MicroCap Small Business Investing Act of 2021
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     To establish a MicroCap small business investment company designation, and for other purposes.
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-06-11
Small Business Committee
hssm00
2
House floor actions
Referred to the House Committee on Small Business.
IntroReferral
Intro-H
2021-06-11
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-06-11
9
Library of Congress
Introduced in House
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2021-06-11T15:35:40Z
Referred to
House
Small Business Committee
hssm00
Standing
K000397
39
Young
Rep. Kim, Young [R-CA-39]
Kim
R
2021-06-11
CA
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-06-11
2021-06-11
Referred to the House Committee on Small Business.
House
Commerce
2021-10-27
Committee on Small Business and Entrepreneurship. Hearings held.
CRS
Identical bill
MicroCap Small Business Investing Act of 2021
S
N000191
2
Joe
Rep. Neguse, Joe [D-CO-2]
N
Neguse
D
CO
Business investment and capital Economic development Financial services and investments Government information and archives Licensing and registrations Manufacturing Minority and disadvantaged businesses Poverty and welfare assistance Research and development Rural conditions and development Small business
2021-06-11
Introduced in House
 <p><b>MicroCap Small Business Investing Act of 2021</b></p> <p>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.</p> <p>A license issued under the bill must be awarded to an applicant</p> <ul> <li>that would otherwise be issued a license except that the management of the applicant does not satisfy certain qualification requirements such as investment experience;</li> <li>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</li> <li>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). </li> </ul> <p>The SBA must prioritize applicants that are located in states with fewer licenses and establish a streamlined application process for those licenses.</p>
2021-12-03T14:38:58Z
00
2021-06-11T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3842ih/xml/BILLS-117hr3842ih.xml
MicroCap Small Business Investing Act of 2021
MicroCap Small Business Investing Act of 2021
Display Title
IH
Introduced in House
To establish a MicroCap small business investment company designation, and for other purposes.
Official Title as Introduced
IH
Introduced in House
MicroCap Small Business Investing Act of 2021
Short Title(s) as Introduced
HR
2023-05-11T15:45:15Z
2023-05-11T15:45:15Z
3.0.0
2021-10-27
Committee on Small Business and Entrepreneurship. Hearings held.
CRS
Identical bill
MicroCap Small Business Investing Act of 2021
S
H11100
2021-06-11
Small Business Committee
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Referred to the House Committee on Small Business.
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Young
Rep. Kim, Young [R-CA-39]
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R
2021-06-11
CA
Business investment and capital Economic development Financial services and investments Government information and archives Licensing and registrations Manufacturing Minority and disadvantaged businesses Poverty and welfare assistance Research and development Rural conditions and development Small business
2021-06-11
Introduced in House
 <p><b>MicroCap Small Business Investing Act of 2021</b></p> <p>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.</p> <p>A license issued under the bill must be awarded to an applicant</p> <ul> <li>that would otherwise be issued a license except that the management of the applicant does not satisfy certain qualification requirements such as investment experience;</li> <li>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</li> <li>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). </li> </ul> <p>The SBA must prioritize applicants that are located in states with fewer licenses and establish a streamlined application process for those licenses.</p>
2021-12-03T14:38:58Z
00
MicroCap Small Business Investing Act of 2021
MicroCap Small Business Investing Act of 2021
Display Title
IH
Introduced in House
To establish a MicroCap small business investment company designation, and for other purposes.
Official Title as Introduced
IH
Introduced in House
MicroCap Small Business Investing Act of 2021
Short Title(s) as Introduced
2021-06-11
Referred to the House Committee on Small Business.