Road to The Floor
How it worksIntroduced
In Committee
On The Floor
Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill requires the Small Business Administration (SBA) to post a report on its website every three months with information about Small Business Investment Companies (SBICs), which are private companies licensed by the SBA that invest in small businesses. The reports would include details like how many SBICs are licensed, how much government-backed financing they receive, how many new applicants are approved, and how many jobs are created or kept because of their investments. Currently, some of this information is only reported once a year, and this bill would make it available more frequently.
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