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S. 2212, SBIC Advisory Committee Act of 2023 (CBO Report for Congress)

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Congress 118th
Date Requested July 25, 2023
Requested By the Senate Committee on Small Business and Entrepreneurship
Date Sent Sept. 28, 2023
Description:
S. 2212 would establish an advisory committee to advise the SBA on its Small Business Investment Company (SBIC) program, which provides equity capital to small businesses through private SBICs that raise a mixture of private funds and SBA-guaranteed loans. The committee would make recommendations to the SBA, including how to increase the number of SBICs that invest in low-income and rural areas. The bill would require the committee to report to the Congress within 18 months, at which point the committee would terminate.

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