H.R.1719: To amend the Small Business Investment Act of 1958 to reauthorize and expand the New Markets Venture Capital Program, and for other purposes.

To amend the Small Business Investment Act of 1958 to reauthorize and expand the New Markets Venture Capital Program, and for other purposes. 3/27/2007--Introduced. Securing Equity for the Economic Development of Low Income Areas Act of 2007 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA), in selecting companies to participate in the New Markets Venture Capital Program (Program), to select at least one company from each geographic region of the SBA. Requires (currently, authorizes) the Administrator to make grants to such companies to be used for loans to new-market small businesses, and to guarantee debentures issued by such companies. Establishes the Office of New Markets Venture Capital, headed by a Director, to administer the Program. Revises the definition of "low income geographic area" for Program eligibility purposes. Requires a study by the SBA's Chief Counsel [...]

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