Top Legislation - View All
Also tagged in: Black colleges, Budgets, Business, Business education, Congress, Congressional reporting requirements, Curricula, Distance education, Economic impact statements, Economic policy, Education, Entrepreneurs, Executive departments, Executive reorganization, Federal aid to education, Federal officials, Government employees, Graduate education, Higher education, Hispanic Americans, Indian education, Management, Marketing, Minorities, Minority business enterprises, Minority education, Ombudsman, Politics and government, Public contracts, Small business, Small Business Administration, Technological innovations, Technology, Technology transfer
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S105-106) Bill TextA bill to foster the development of minority-owned small businesses. 1/4/2007--Introduced. Minority Entrepreneurship Development Act of 2007 - Amends the Small Business Act to establish within the Small Business Administration (SBA) an Office of Minority Small Business Development to, among other things, formulate, execute, and promote SBA policies and programs that provide assistance to small businesses owned and controlled by minorities. Authorizes the SBA Administrator to make grants to eligible educational institutions: (1) to assist in establishing an entrepreneurship curriculum for undergraduate or graduate studies; and (2) for the placement of a small business development center on the campus of the institution. Authorizes the Administrator to make grants to eligible associations and organizations to: (1) assist in establishing the technical capacity to provide online or distance learning for businesses seeking to contract with the federal government; [...] show full description
Also tagged in: Budgets, Business, Business education, Entrepreneurs, Federally-guaranteed loans, Finance, Government contractors, Government lending, Government procurement, Minorities, Minority business enterprises, Public contracts, Small business, Venture capital, Women, Women in business
Latest Action: 02/15/2007 - Became Public Law No: 110-4. Bill TextAn act to provide for an additional temporary extension of programs under the Small Business Act and the Small business Investment Act of 1958 through July 31, 2007, and for other purposes. 2/15/2007--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the Senate on February 1, 2007. The summary of that version is repeated here.) Extends through July 31, 2007, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through February 2, 2007, under the Small Business Act or the Small Business Investment Act of 1958.
Latest Action: 01/18/2007 - Referred to the House Committee on Small Business. Bill TextTo establish a pilot program to eliminate certain restrictions on eligible certified development companies. 1/18/2007--Introduced. Small Business Freedom to Lend Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to establish a three-year pilot program to permit an eligible certified development company (CDC) to make loans (for small business development) in any state that is contiguous to its the state of incorporation. Makes eligible CDCs that are designated as either an accredited or premier certified lender under the Small Business Investment Act of 1958. Removes the requirement that such a CDC maintain, in each state in which it makes or intends to make loans, separate and distinct memberships, officers, boards of directors, and loan committees. Amends the Small Business Investment Act of 1958 to allow an officer, director, or manager of one qualified state or local development company to serve as an officer, director, or manager [...] show full description
Also tagged in: Administrative procedure, Auditing, Broadband, Business, Cable television, Capital gains tax, Congress, Congressional investigations, Congressional reporting requirements, Corporation taxes, Department of the Treasury, Direct broadcast satellites, Enterprise zones, Executive departments, Finance, Income tax, Investment tax credit, Law, Minorities, Minority business enterprises, Partnerships, Radio stations, Small business, Stocks, Tax deferral, Tax exclusion, Taxation, Telecommunication, Telecommunication industry, Telephone, Television stations, Urban affairs, Wireless communication
Latest Action: 01/22/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide for a deferral of tax on gain from the sale of telecommunications businesses in specific circumstances or a tax credit and other incentives to promote diversity of ownership in telecommunications businesses. 1/22/2007--Introduced. Telecommunications Ownership Diversification Act of 2007 - Amends the Internal Revenue Code to allow a taxpayer election to exclude from gross income a portion of the gain from the sale of the assets of a telecommunications business to an eligible purchaser. Defines "eligible purchaser" as: (1) any economically and socially disadvantaged business as designated by the Secretary of the Treasury using specified criteria; or (2) a corporation or partnership which, following the sale of a telecommunications business, owns substantially all of the assets of such business and is at least five percent owned by the Telecommunications Development Fund established under the Communications Act of [...] show full description
Also tagged in: Authorization, Budgets, Business, Children, Day care, Disaster loans, Emergency management, Entrepreneurs, Executive departments, Executive reorganization, Federally-guaranteed loans, Finance, Government lending, Grants-in-aid, Job training, Nonprofit organizations, Securities, Small business, Small Business Administration, Social services
Latest Action: 04/16/2008 - Committee on Small Business and Entrepreneurship. Hearings held. Bill TextA bill to amend the Small Business Act to reauthorize loan programs under that Act, and for other purposes. 9/12/2007--Reported to Senate amended. (There is 1 other summary) Small Business Lending Reauthorization and Improvements Act of 2007 - (Sec. 4) Amends the Small Business Act (the Act) to reauthorize for FY2007-FY2010 certain small business assistance programs of the Small Business Administration (SBA), including: (1) the microloan program (loans made to very small businesses for start-up, expansion, or equipment); (2) section 7(a) loans (SBA-guaranteed general business loans made to small businesses); (3) certified development company (CDC) financings; (4) assistance to veteran-owned small businesses and small businesses affected by a Department of Defense base closure or realignment or the termination of a defense contract or subcontract; and (5) the Program for Investment in Microentrepreneurs (PRIME).Title I: Microloan Programs - [...] show full description
Also tagged in: Access to health care, Administrative procedure, Armed forces, Armed forces reserves, Bank reserves, Bonds, Budgets, Business, Business ethics, Community development, Conflict of interests, Corporation directors, Defense policy, Dental care, Depressed areas, Economic policy, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Environmental protection, Executive departments, Federally-guaranteed loans, Fees, Finance, Foreclosure, Health care industry, Health policy, Indians, Infrastructure, Job creation, Labor, Law, Loan defaults, Medical care, Medicine, Minorities, Minority business enterprises, Mortgages, Nonprofit organizations, Psychiatry, Psychotherapy, Risk, Rural affairs, Rural economic development, Small business, Small Business Administration, Social services, Urban affairs, Veterans, Veterans' benefits, Veterans' loans, Women in business
Latest Action: 05/01/2007 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 129. Bill TextTo improve the access to capital programs of the Small Business Administration, and for other purposes. 4/25/2007--Passed House amended. (There are 2 other summaries) Small Business Lending Improvements Act of 2007 - Title I: 7(A) Program - (Sec. 101) Amends the Small Business Act relating to the 7(a) (business start-up loan) program to authorize the Administrator of the Small Business Administration (SBA) to offset (contribute to) borrower and lender fees associated with 7(a) loans when funds are made available to the SBA for such contributions. Requires the quarterly adjustment of any contributions made. (Sec. 102) Directs the Administrator to carry out a rural lending outreach program to provide up to an 85 percent guaranty for loans of $250,000 or less made by lenders to small businesses in rural areas. Requires the SBA to approve or decline such loan within 36 hours. (Sec. 103) Directs the Administrator to carry out a permanent [...] show full description
Also tagged in: Accreditation (Education), Budgets, Business, Charities, College administration, College costs, Community development banking, Congress, Congressional reporting requirements, Dislocated workers, Distance education, Education, Education of the disadvantaged, Educational accountability, Educational statistics, Educational technology, Executive departments, Federal aid to education, Finance, Government information, Government lending, Government paperwork, Government publicity, Governmental investigations, Higher education, Industry-university relations, Job hunting, Job training, Labor, Law, Licenses, Public-private partnerships, Recruiting of employees, Rural affairs, Rural education, Scholarships, Small business, Standards, Student aid, Student loan funds, Teacher education, Teacher supply and demand, Technology, Telecommunication, Vocational education, Welfare
Latest Action: 05/10/2007 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Bill TextA bill to provide for higher education affordability, access, and opportunity. 5/10/2007--Introduced. Higher Education Affordability, Access, and Opportunity Act of 2007 - Amends the Higher Education Act of 1965 to direct the Secretary of Education to carry out a student loan program for workforce development for high-growth occupations or industries. Authorizes the Secretary to make grants for: (1) job skill training in high-growth occupations or industries to partnerships of community colleges and workforce investment boards; and (2) training and job skills for small business owners or operators to partnerships of institutions of higher education (IHEs) and entities that help small business development. Prohibits, under the student loan program, IHEs and accrediting agencies and associations from restricting transfers of credits in specified ways. Requires studies and dissemination of comparative data on college costs and related matters. Revises [...] show full description
Also tagged in: Administrative procedure, Alabama, Budgets, Business, Charities, Children, Congress, Congressional investigations, Congressional reporting requirements, Day care, Emergency management, Executive departments, Finance, Floods, Government information, Government lending, Government paperwork, Hurricanes, Law, Loans, Louisiana, Minorities, Minority business enterprises, Mississippi, Nonprofit organizations, Poor children, Small business, Small Business Administration, Social services, Surety and fidelity, Tax-exempt organizations, Taxation, Texas, Welfare, Women, Women in business
Latest Action: 03/08/2007 - Referred to the House Committee on Small Business. Bill TextTo establish a temporary program under which emergency loans are made to small businesses that are nonprofit child care businesses. 3/8/2007--Introduced. Emergency Child Care Lending for the Gulf Coast Act of 2007 - Authorizes the proceeds of a loan for plant acquisition, construction, conversion, or expansion under the Small Business Investment Act of 1958 to be used by the certified development company to provide loans to small, nonprofit child care businesses that have a track record of providing such services in the presidentially declared disaster areas in the Gulf Coast region. Limits to 3% the amount of the total number of such loans guaranteed in FY2008-FY2009 that may be awarded for the program under this Act. Terminates such program after December 30, 2008.
Latest Action: 10/16/2007 - Committee on Small Business and Entrepreneurship. Reported by Senator Kerry with an amendment in the nature of a substitute. With written report No. 110-199. Bill TextA bill to amend the Small Business Investment Act of 1958 to reauthorize the venture capital program, and for other purposes. 10/16/2007--Reported to Senate amended. (There is 1 other summary) Small Business Venture Capital Act of 2007 - Title I: Small Business Investment Company Program - (Sec. 101) Amends the Small Business Act to reauthorize for FY2007-FY2010 the venture capital program under the Small Business Investment Act of 1958 (a program under which small business investment companies (SBICs) provide capital financing to small businesses). (Sec. 102) Amends the latter Act to increase the maximum amounts of outstanding leverage made available to: (1) any one SBIC; (2) two or more SBICs that are commonly controlled; and (3) SBICs that invest in women-owned or minority businesses or in businesses in low-income areas. (Sec. 103) Requires each SBIC, as a condition of an application for leverage, to certify that not less than [...] show full description
Also tagged in: Authorization, Budgets, Business, Community development, Depressed areas, Economic policy, Executive departments, Executive reorganization, Grants-in-aid, Income tax, Infrastructure, Manufacturing industries, Minorities, Minority business enterprises, Small business, Small Business Administration, Tax credits, Taxation, Venture capital, Women, Women in business
Latest Action: 06/26/2007 - Committee on Small Business and Entrepreneurship. incorporated into measure S. 1662 ordered to be reported. Bill TextA bill to amend the Small Business Investment Act of 1958 to reauthorize the New Markets Venture Capital Program, and for other purposes. 6/19/2007--Introduced. Securing Equity for the Economic Development of Low Income Areas Act of 2007 or SEED Act - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to select at least one company from each SBA geographic region when selecting companies to participate as New Markets Venture Capital companies. Establishes in the Investment Division of the SBA the Office of New Markets Venture Capital. Modifies the definition of low-income geographic area to reflect the new markets tax credit under the Internal Revenue Code. Revises the formula for the amount of operational assistance grants for new markets venture capital companies.
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Latest Legislation - View All
Also tagged in: Administrative procedure, Automated teller machines, Bank accounts, Bank loans, Bank management, Banks and banking, Business, Checks, Churches, Civil liberties, Community development banking, Congress, Congressional reporting requirements, Consumer education, Consumers, Cost accounting, Credit unions, Depressed areas, Economic policy, Electronic funds transfers, Executive departments, Fees, Finance, Government information, Government paperwork, Interest, Interest rates, Investments, Law, Leases, Mortgages, Motor vehicles, National Credit Union Administration, Nonprofit organizations, NOW accounts, Religion, Right of privacy, Savings and loan associations, Securities, Small business, Social services, Surveys, Transportation
Latest Action: 06/25/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo advance credit union efforts to promote economic growth, modify credit union regulatory standards and reduce burdens, to provide regulatory relief and improve productivity for insured depository institutions, and for other purposes. 6/24/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Credit Union, Bank, and Thrift Regulatory Relief Act of 2008 - Title I: Credit Unions - (Sec. 101) Amends the Federal Credit Union Act to: (1) permit a credit union to invest in securities for its own account, subject to certain percentage limitations; and (2) increase the investment and lending limit in credit union service organizations from 1% to 3% of a credit union's total paid and unimpaired capital and surplus. (Sec. 103) Excludes credit union loans to nonprofit religious organizations [...] show full description
Also tagged in: Budgets, Business, Business education, Entrepreneurs, Federally-guaranteed loans, Finance, Government contractors, Government lending, Government procurement, Minorities, Minority business enterprises, Public contracts, Small business, Venture capital, Women, Women in business
Latest Action: 05/15/2008 - Read twice and referred to the Committee on Small Business and Entrepreneurship. Bill TextA bill to provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes. 5/15/2008--Introduced. Extends through March 20, 2009, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through May 23, 2008, under the Small Business Act or the Small Business Investment Act of 1958.
Also tagged in: Budgets, Business, Business education, Entrepreneurs, Federally-guaranteed loans, Finance, Government contractors, Government lending, Government procurement, Minorities, Minority business enterprises, Public contracts, Small business, Venture capital, Women, Women in business
Latest Action: 05/23/2008 - Presented to President. Bill TextA bill to provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes. 5/23/2008--Public Law. (There are 3 other summaries) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Extends through March 20, 2009, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through May 23, 2008, under the Small Business Act or the Small Business Investment Act of 1958.
Also tagged in: Armed forces, Authorization, Budgets, Business, Conferences, Day care, Defense contracts, Defense economics, Depressed areas, Disabled, Disaster loans, Drug abuse, Drugs and employment, Economic policy, Emergency management, Employee health benefits, Entrepreneurs, Executive departments, Executive reorganization, Executives, Federal officials, Federally-guaranteed loans, Finance, Foreign trade promotion, Government employees, Government lending, Government regulation, Health insurance, Health policy, Indian economic development, Labor, Medical care, Military base closures, Minorities, Minority business enterprises, National service, Public contracts, Rural affairs, Securities, Small business, Small Business Administration, Social services, Subcontractors, Trade, Venture capital, Women, Women in business
Latest Action: 04/28/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 720. Bill TextA bill to reauthorize and improve the financing and entrepreneurial development programs of the Small Business Administration, and for other purposes. 4/24/2008--Introduced. SBA Reauthorization and Improvement Act of 2008 - Amends the Small Business Act (the Act) to reauthorize for FY2008-FY2010 certain small business assistance programs of the Small Business Administration (SBA), including: (1) the microloan program (loans made to very small businesses for start-up, expansion, or equipment); (2) section 7(a) loans (SBA-guaranteed general business loans); (3) certified development company (CDC) financings; (4) assistance to small businesses affected by a Department of Defense base closure or realignment or the termination of a defense contract or subcontract; (5) the Program for Investment in Microentrepreneurs (PRIME); and (6) small business disaster loans. Revises or adds provisions concerning the microloan program, including: (1) increased loan amounts; and (2) making [...] show full description
Latest Action: 04/16/2008 - Committee on Small Business and Entrepreneurship. Hearings held. Bill TextA bill to provide economic stimulus for small business concerns. 2/7/2008--Introduced. Small Business Lending Stimulus Act of 2008 - Directs the Administrator of the Small Business Administration (SBA) to reduce in 2008 the rate of certain loan fees imposed under the Small Business Act and debenture fees under the Small Business Investment Act of 1958. Authorizes appropriations for FY2008: (1) to cover such rate reductions; and (2) for direct loans and assistance under the SBA Microloan Program. Amends the Small Business Investment Act of 1958 to authorize the SBA to refinance certain existing debt of small businesses that received prior loans for plant acquisition, construction, conversion, or expansion.
Also tagged in: Budgets, Business, Business education, Entrepreneurs, Federally-guaranteed loans, Finance, Government contractors, Government lending, Government procurement, Minorities, Minority business enterprises, Public contracts, Small business, Venture capital, Women, Women in business
Latest Action: 12/14/2007 - Signed by President. Bill TextTo provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958 through May 23, 2008, and for other purposes. 12/14/2007--Public Law. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Extends through May 23, 2008, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through December 15, 2007, under the Small Business Act or the Small Business Investment Act of 1958.
Also tagged in: Budgets, Business, Civil liberties, Congress, Congressional investigations, Contracts, Executive compensation, Federally-guaranteed loans, Finance, Loan defaults, Performance measurement, Right of privacy, Securities, Small business, Standards
Latest Action: 11/01/2007 - Sponsor introductory remarks on measure. (CR S13689) Bill TextA bill to establish portfolio quality standards, improve lender oversight by the Small Business Administration, create economic outcome and performance measurements, strengthen the loan programs under section 7(a) of the Small Business Act and title V of the Small Business Investment Act of 1958, and for other purposes. 11/1/2007--Introduced. Small Business Lending Oversight and Program Performance Improvement Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to develop and publish portfolio quality evaluation standards to evaluate the loan portfolios of lenders participating in the section 7(a) (SBA-guaranteed loans to small businesses) and 504 (financing to small businesses funded by SBA-guaranteed debentures) programs of the Small Business Act. Requires the standards to measure the rates of loan liquidation, currency, recovery, and delinquency, and to be used by the Administrator to determine lender portfolio quality and to conduct lender [...] show full description
Also tagged in: Authorization, Budgets, Business, Business education, Depressed areas, Disaster loans, Emergency management, Entrepreneurs, Executive departments, Executives, Federal advisory bodies, Federally-guaranteed loans, Finance, Government contractors, Government lending, Government procurement, Labor, Public contracts, Public-private partnerships, Small business, Small Business Administration, Veterans, Veterans' benefits, Veterans' employment, Women, Women in business
Latest Action: 01/22/2008 - Read twice and referred to the Committee on Small Business and Entrepreneurship. Bill TextTo reauthorize certain programs under the Small Business Act for each of fiscal years 2008 and 2009. 11/6/2007--Passed House amended. (There is 1 other summary) Small Business Programs Act of 2007 - Amends the Small Business Act (the Act) to reauthorize for FY2008-FY2009 certain small business assistance programs of the Small Business Administration (SBA) authorized under the Act and the Small Business Investment Act of 1958, including: (1) a disaster mitigation pilot program; (2) general and start-up small business loans; (3) certified development company (CDC) financing; (4) disaster loans; (5) the Service Corps of Retired Executives (SCORE); and (6) grants to microloan program intermediaries and technical assistance providers. Reauthorizes for such fiscal years: (1) the businessLINC grants program; (2) the small business development center (SBDC) program; (3) the women's business center program; (4) the HUBZone (heavily underutilized business [...] show full description
Also tagged in: Administrative procedure, Affiliated corporations, Air pollution, Air pollution control, Armed forces, Armed forces reserves, Authorization, Bonds, Budgets, Business, Capital, Congress, Congressional reporting requirements, Data banks, Defense policy, Depressed areas, Electronic government information, Energy, Energy efficiency, Environmental protection, Executive departments, Executive reorganization, Federally-guaranteed loans, Finance, Government information, Government publicity, Greenhouse gases, Investments, Investors, Labor, Law, Liability (Law), Manufacturing industries, Medical care, Medicine, Minorities, Minority business enterprises, National Guard, Occupational health and safety, Small business, Small Business Administration, Solid wastes, Surety and fidelity, Sustainable development, Technological innovations, Technology, Telecommunication, Venture capital, Veterans, Veterans' benefits, Waste reduction
Latest Action: 09/28/2007 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. Bill TextTo 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
Also tagged in: Administrative fees, Administrative procedure, Alternative dispute resolution, Budgets, Business, Congress, Congressional reporting requirements, Executive departments, Finance, Governmental investigations, Insurance premiums, Law, Mediation, Small business, Small Business Administration, Surety and fidelity
Latest Action: 08/02/2007 - Sponsor introductory remarks on measure. (CR S10805-10806) Bill TextA bill to amend the Small Business Investment Act of 1958 to improve surety bond guarantees, and for other purposes. 8/2/2007--Introduced. Surety Bond Improvement Act of 2007 - Amends the Small Business Investment Act of 1958 to: (1) authorize the Administrator of the Small Business Administration (SBA) to guarantee any surety against loss from a small business principal's breach of bond on any total work or contract amount that does not exceed $3 million (under current law, $2 million); (2) direct the Administrator to authorize a surety that issues, monitors, or services such bonds to use rates approved by the insurance commissioner in the state in which the contract will be performed; and (3) prohibit the Administrator from refusing to make payment on a surety guarantee based on facts, circumstances, or defects that the Administrator should reasonably have identified during the guarantee process. Requires the Administrator to notify the congressional small business [...] show full description
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