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Latest Update: Saturday, October, 11th 2008
To amend the Small Business Investment Act of 1958 to expand opportunities for investments in small businesses, and for other purposes. 9/27/2007--Passed House amended. (There are 2 other summaries) Small Business Investment Expansion Act of 2007 - Title I: Small Business Investment Company Program - (Sec. 101) Amends the Small Business Investment Act of 1958 to increase the maximum amounts of outstanding leverage made available by the Small Business Administration (SBA) to: (1) any one small business investment company (SBIC) which provides loans to small businesses; and (2) two or more SBICs that are commonly controlled. (Sec. 102) Increases the total amount of debentures and participating securities issued by an SBIC that may be guaranteed by the SBA in the case of an SBIC that certifies that not less than 50% of its aggregate investments will be made in small businesses that are either: (1) majority owned by socially or economically [...] show full description
Latest Actions
- 09/28/2007 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 09/27/2007 - H.AMDT.830 Amendment (A003) offered by Mr. Inslee. (consideration: CR H11005-11006; text: CR H11005) Amendment directs the SBA Administrator to give consideration to investments for small businesses that are creating new technologies, manufactured goods, or materials, or providing services to reduce carbon emissions in the United States, reduce the use of non-renewable resources; minimize environmental impact and relate people with the natural environment.
- 09/27/2007 - Mr. Walberg moved to recommit with instructions to Small Business. (consideration: CR H11006-11007; text: CR H11006)
- 09/27/2007 - Rule provides for consideration of H.R. 3567 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 and 10 of rule XXI. The bill shall be considered for amendment under the five- minute rule.
- 09/27/2007 - GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3567.
show all actions- 09/28/2007 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 09/27/2007 - H.AMDT.830 Amendment (A003) offered by Mr. Inslee. (consideration: CR H11005-11006; text: CR H11005) Amendment directs the SBA Administrator to give consideration to investments for small businesses that are creating new technologies, manufactured goods, or materials, or providing services to reduce carbon emissions in the United States, reduce the use of non-renewable resources; minimize environmental impact and relate people with the natural environment.
- 09/27/2007 - Mr. Walberg moved to recommit with instructions to Small Business. (consideration: CR H11006-11007; text: CR H11006)
- 09/27/2007 - Rule provides for consideration of H.R. 3567 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 and 10 of rule XXI. The bill shall be considered for amendment under the five- minute rule.
- 09/27/2007 - GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3567.
- 09/27/2007 - DEBATE - Pursuant to the provisions of H. Res. 682, the Committee of the Whole proceeded with 10 minutes of debate on the Chabot amendment.
- 09/27/2007 - DEBATE - Pursuant to the provisions of H. Res. 682, the Committee of the Whole proceeded with 10 minutes of debate on the Inslee amendment.
- 09/27/2007 - DEBATE - The House proceeded with 10 minutes of debate on the Walberg motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments that strike sections 382 and 384 of part C in title III.
- 09/27/2007 - H.AMDT.828 Amendment (A001) offered by Mr. Chabot. (consideration: CR H11004-11005 text: CR H11004) Amendment establishes a bright-line standard of majority stock ownership for determining whether a venture capital company is affiliated with the companies in which it invests.
- 09/27/2007 - H.AMDT.829 Amendment (A002) offered by Mr. Inslee. (consideration: CR H11005 text: CR H11005) Amendment provides an expanded definition of operational assistance to ensure that small business investment companies give consideration to innovators that create clean energy technologies and services.
- 09/27/2007 - The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H11007)
- 09/27/2007 - H.AMDT.830 Amendment (A003) offered by Mr. Inslee. (consideration: CR H11005-11006 text: CR H11005) Amendment directs the SBA Administrator to give consideration to investments for small businesses that are creating new technologies, manufactured goods, or materials, or providing services to reduce carbon emissions in the United States, reduce the use of non-renewable resources minimize environmental impact and relate people with the natural environment.
- 09/27/2007 - Rule H. Res. 682 passed House.
- 09/27/2007 - Considered under the provisions of rule H. Res. 682. (consideration: CR H10994-11008 text of measure as reported in House: CR H11001-11004)
- 09/27/2007 - House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 682 and Rule XVIII.
- 09/27/2007 - The Speaker designated the Honorable Ron Kind to act as Chairman of the Committee.
- 09/27/2007 - H.AMDT.828 Amendment (A001) offered by Mr. Chabot. (consideration: CR H11004-11005 text: CR H11004) An amendment numbered 1 printed in House Report 110-350 to establish a bright line standard of majority stock ownership for determining whether a venture capital company is affiliated with the companies in which it invests.
- 09/27/2007 - H.AMDT.828 On agreeing to the Chabot amendment (A001) Agreed to by voice vote.
- 09/27/2007 - H.AMDT.829 Amendment (A002) offered by Mr. Inslee. (consideration: CR H11005 text: CR H11005) An amendment numbered 2 printed in House Report 110-350 to expand the definition of operational assistance in Section 351 of the Small Business Investment Act to include assistance to help small businesses achieve energy efficiency and implement sustainable practices that reduce the use of non-renewable resources or minimize environmental impact and reduce overall costs and increase health of employees.
- 09/27/2007 - H.AMDT.829 On agreeing to the Inslee amendment (A002) Agreed to by voice vote.
- 09/27/2007 - H.AMDT.830 Amendment (A003) offered by Mr. Inslee. (consideration: CR H11005-11006 text: CR H11005) An amendment numbered 3 printed in House Report 110-350 to direct the SBA Administrator to give consideration to investments for small businesses that are creating new technologies, manufactured goods, or materials, or providing services to reduce carbon emissions in the US reduce the use of non-renewable resources minimize environmental impact and relate people with the natural environment.
- 09/27/2007 - H.AMDT.828 Amendment (A001) offered by Mr. Chabot. (consideration: CR H11004-11005 text: CR H11004) Amendment establishes a bright line standard of majority stock ownership for determining whether a venture capital company is affiliated with the companies in which it invests.
- 09/27/2007 - H.AMDT.830 On agreeing to the Inslee amendment (A003) Agreed to by voice vote.
- 09/27/2007 - H.AMDT.829 Amendment (A002) offered by Mr. Inslee. (consideration: CR H11005 text: CR H11005) Amendment expands the definition of operational assistance in Section 351 of the Small Business Investment Act to include assistance to help small businesses achieve energy efficiency and implement sustainable practices that reduce the use of non-renewable resources or minimize environmental impact and reduce overall costs and increase health of employees.
- 09/27/2007 - The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3567.
- 09/27/2007 - H.AMDT.830 Amendment (A003) offered by Mr. Inslee. (consideration: CR H11005-11006 text: CR H11005) Amendment directs the SBA Administrator to give consideration to investments for small businesses that are creating new technologies, manufactured goods, or materials, or providing services to reduce carbon emissions in the US reduce the use of non-renewable resources minimize environmental impact and relate people with the natural environment.
- 09/27/2007 - The previous question was ordered pursuant to the rule. (consideration: CR H11006)
- 09/27/2007 - The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
- 09/27/2007 - Mr. Walberg moved to recommit with instructions to Small Business. (consideration: CR H11006-11007 text: CR H11006)
- 09/27/2007 - The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H11006)
- 09/27/2007 - On motion to recommit with instructions Failed by the Yeas and Nays: 183 - 213 (Roll no. 922).
- 09/27/2007 - Motion to reconsider laid on the table Agreed to without objection.
- 09/27/2007 - On passage Passed by the Yeas and Nays: 325 - 72 (Roll no. 923).
- 09/27/2007 - The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3567.
- 09/27/2007 - Considered under the provisions of rule H. Res. 682. (consideration: CR H10994-11008; text of measure as reported in House: CR H11001-11004)
- 09/27/2007 - H.AMDT.828 Amendment (A001) offered by Mr. Chabot. (consideration: CR H11004-11005; text: CR H11004) Amendment establishes a bright-line standard of majority stock ownership for determining whether a venture capital company is affiliated with the companies in which it invests.
- 09/27/2007 - H.AMDT.829 Amendment (A002) offered by Mr. Inslee. (consideration: CR H11005; text: CR H11005) Amendment provides an expanded definition of operational assistance to ensure that small business investment companies give consideration to innovators that create clean energy technologies and services.
- 09/26/2007 - Rules Committee Resolution H. Res. 682 Reported to House. Rule provides for consideration of H.R. 3567 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 and 10 of rule XXI. The bill shall be considered for amendment under the five- minute rule.
- 09/25/2007 - Reported by the Committee on Small Business. H. Rept. 110-347.
- 09/25/2007 - Placed on the Union Calendar, Calendar No. 216.
- 09/20/2007 - Committee Consideration and Mark-up Session Held.
- 09/20/2007 - Ordered to be Reported by Voice Vote.
- 09/18/2007 - Referred to the House Committee on Small Business.
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