Small Business Investment Expansion Act of 2007

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. 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 disadvantaged individuals, veterans, or current or former members of the National Guard or reserves; or
(2) located in a low-income geographic area.
(Sec. 103) Requires each SBIC, as a condition of an application for leverage, to certify that not less than 25% of the aggregate dollar amount of its financings will be provided to smaller enterprises.
(Sec. 104) Requires the SBA Administrator to give consideration to investments in small businesses that are creating new technologies, manufactured goods, or materials, or providing services to reduce carbon emissions, reduce the use of non-renewable resources, minimize environmental impact, and relate people with the natural environment.
(Sec. 105) Revises the aggregate SBA investment limits with respect to SBICs. Title II: New Markets Venture Capital Program -
(Sec. 201) Requires (under current law, authorizes) the Administrator to participate in the new markets venture capital program (a program under which investment companies provide capital financing to small businesses). Requires a report from the Administrator to Congress evaluating the success of the new markets venture capital program (program, for purposes of this title).
(Sec. 202) Requires the Administrator, in selecting companies for program participation, to approve at least one company from each SBA geographic region.
(Sec. 203) Requires each conditionally approved company engaged primarily in development of and investment in small manufacturers to raise at least $3 million in capital for such purposes from private investors.
(Sec. 204) Makes the SBA definition of "low-income geographic area" the same as the definition of "low-income community" under the Internal Revenue Code.
(Sec. 205) Directs the SBA's Chief Counsel for Advocacy to study and report to Congress on the availability of equity capital in low-income urban and rural areas.
(Sec. 206) Authorizes the Administrator to make grants to conditionally-approved companies for participation in the program. Includes within authorized SBA operational assistance under the program assistance on how to implement energy efficiency and sustainable practices that reduce the use of non-renewable resources or minimize environmental impact and reduce overall costs and increase health of employees.
(Sec. 207) Requires the Administrator to prescribe standard documents for companies applying for final new markets venture capital company approval.
(Sec. 208) Eliminates the 30% minimum amount of matching commitments for operational assistance that a program company must raise before receiving final approval.
(Sec. 209) Revises the program's operational assistance grant formula.
(Sec. 210) Reauthorizes appropriations of $30 million (under current law, $150 million) to fund debenture guarantees and $5 million (under current law, $30 million) for operational assistance grants for FY2008-FY2010. Title III: Angel Investment Program -
(Sec. 301) Establishes within the Investment Division of the SBA the Office of Angel Investment, headed by a Director, to provide support for the development of angel investment opportunities for small businesses. Requires the Director to establish and carry out a program, to be known as the Angel Investment Program, to provide financing to approved angel groups. Limits to $2 million the financing to an angel group. Provides a matching funds requirement. Establishes an Angel Investment Fund. Authorizes appropriations. Requires the Director to establish and maintain a searchable database, to be known as the Federal Angel Network, to assist small businesses in identifying angel investors. Authorizes appropriations. Requires:
(1) the Director to establish and carry out a program to make grants for the development of new or existing angel groups and to increase awareness and education about angel investing; and
(2) each grant recipient to report to the Administrator describing the use of grant funds. Authorizes appropriations. Title IV: Surety Bond Program -
(Sec. 401) Directs the Administrator to study and report to Congress on the current funding structure of the SBA's surety bond program.
(Sec. 402) Directs the Administrator to carry out the Preferred Surety Bond Program, under which the SBA delegates to the surety complete authority to issue, monitor, and service bonds subject to SBA guaranty without obtaining specific approval from the SBA. Limits the delegation authority term to two years (but allows continual renewals).
(Sec. 403) Provides that, for surety bonds made or executed with prior SBA approval, the Administrator shall not deny liability based upon information that was provided as part of the guaranty application.
(Sec. 404) Increases from $2 million to $3 million the bond guaranty threshold.
(Sec. 405) Provides authorized uses of bond guaranty fee contributions. Title V: Venture Capital Investment Standards -
(Sec. 501) Amends the Small Business Act to provide that, for purposes of determining whether a small business is independently owned and operated or meets specified small business size standards, the Administrator shall not consider a business to be affiliated with a venture capital operating company (or with any other business that the venture capital operating company has financed) if:
(1) the venture capital operating company does not own 50% or more of the business; and
(2) employees of the venture capital operating company do not constitute a majority of the board of directors of the business. Defines a business as "independently owned and operated" if it is owned in majority by natural persons or venture capital operating companies meeting specified requirements, including that there is no single venture capital operating company:
(1) that owns 50% or more of the business; and
(2) the employees of which constitute a majority of the board of directors of the business. Title VI: Regulations -
(Sec. 601) Directs the Administrator to issue revisions to all existing regulations as necessary to ensure their conformity with the amendments made by this Act.


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Sponsor

• Rep. Jason Altmire [D, PA-4]
• and 3 Co-Sponsors
  • Rep. Samuel Graves [R, MO-6]
  • Rep. Edolphus Towns [D, NY-10]
  • Rep. Nydia Velazquez [D, NY-12]
  close

Committees

• House Small Business
• 1 more
  • Senate Small Business and Entrepreneurship
  close

Amendments

This bill has 3 amendments. See All AmendmentsHide All Amendments

Amendments to H.R.3567

Number	Status	Purpose
H.Amdt828	Pass	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.
H.Amdt829	Pass	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.
H.Amdt830	Pass	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.

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
September 18, 2007		September 27, 2007

Latest Vote

September 27, 2007Roll call number 923 in the House
Question: On Passage: H R 3567 Small Business Investment Expansion Act
Required percentage of 'Aye' votes: 1/2 (50%)	Percentage of 'aye' votes: 75%	Result: Passed

Democrats Voting 'Aye'

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Rep. Neil Abercrombie [D, HI-1]
Rep. Gary Ackerman [D, NY-5]
Rep. Thomas Allen [D, ME-1]
Rep. Jason Altmire [D, PA-4]
Rep. Robert Andrews [D, NJ-1]
Rep. Joe Baca [D, CA-43]
Rep. Brian Baird [D, WA-3]
Rep. Tammy Baldwin [D, WI-2]
Rep. John Barrow [D, GA-12]
Rep. Melissa Bean [D, IL-8]
Rep. Xavier Becerra [D, CA-31]
Rep. Shelley Berkley [D, NV-1]
Rep. Howard Berman [D, CA-28]
Rep. Robert Berry [D, AR-1]
Rep. Timothy Bishop [D, NY-1]
Rep. Earl Blumenauer [D, OR-3]
Rep. Dan Boren [D, OK-2]
Rep. Leonard Boswell [D, IA-3]
Rep. Frederick Boucher [D, VA-9]
Rep. Nancy Boyda [D, KS-2]
Rep. Robert Brady [D, PA-1]
Rep. Bruce Braley [D, IA-1]
Rep. George Butterfield [D, NC-1]
Rep. Lois Capps [D, CA-23]
Rep. Michael Capuano [D, MA-8]
Rep. Dennis Cardoza [D, CA-18]
Rep. Russ Carnahan [D, MO-3]
Rep. Christopher Carney [D, PA-10]
Rep. Kathy Castor [D, FL-11]
Rep. Ben Chandler [D, KY-6]
Rep. Yvette Clarke [D, NY-11]
Rep. William Clay [D, MO-1]
Rep. Emanuel Cleaver [D, MO-5]
Rep. James Clyburn [D, SC-6]
Rep. Steve Cohen [D, TN-9]
Rep. Jim Cooper [D, TN-5]
Rep. Jim Costa [D, CA-20]
Rep. Jerry Costello [D, IL-12]
Rep. Joe Courtney [D, CT-2]
Rep. Robert Cramer [D, AL-5]
Rep. Joseph Crowley [D, NY-7]
Rep. Henry Cuellar [D, TX-28]
Rep. Elijah Cummings [D, MD-7]
Rep. Artur Davis [D, AL-7]
Rep. Danny Davis [D, IL-7]
Rep. Lincoln Davis [D, TN-4]
Rep. Susan Davis [D, CA-53]
Rep. Peter DeFazio [D, OR-4]
Rep. Diana DeGette [D, CO-1]
Rep. William Delahunt [D, MA-10]
Rep. Rosa DeLauro [D, CT-3]
Rep. Norman Dicks [D, WA-6]
Rep. Lloyd Doggett [D, TX-25]
Rep. Joe Donnelly [D, IN-2]
Rep. Thomas Edwards [D, TX-17]
Rep. Keith Ellison [D, MN-5]
Rep. Brad Ellsworth [D, IN-8]
Rep. Rahm Emanuel [D, IL-5]
Rep. Eliot Engel [D, NY-17]
Rep. Anna Eshoo [D, CA-14]
Rep. Bob Etheridge [D, NC-2]
Rep. Sam Farr [D, CA-17]
Rep. Chaka Fattah [D, PA-2]
Rep. Bob Filner [D, CA-51]
Rep. Barney Frank [D, MA-4]
Rep. Gabrielle Giffords [D, AZ-8]
Rep. Kirsten Gillibrand [D, NY-20]
Rep. Charles Gonzalez [D, TX-20]
Rep. Barton Gordon [D, TN-6]
Rep. Raymond Green [D, TX-29]
Rep. Al Green [D, TX-9]
Rep. Raul Grijalva [D, AZ-7]
Rep. Luis Gutierrez [D, IL-4]
Rep. John Hall [D, NY-19]
Rep. Phil Hare [D, IL-17]
Rep. Jane Harman [D, CA-36]
Rep. Alcee Hastings [D, FL-23]
Rep. Stephanie Herseth Sandlin [D, SD-0]
Rep. Brian Higgins [D, NY-27]
Rep. Baron Hill [D, IN-9]
Rep. Maurice Hinchey [D, NY-22]
Rep. Mazie Hirono [D, HI-2]
Rep. Paul Hodes [D, NH-2]
Rep. Tim Holden [D, PA-17]
Rep. Rush Holt [D, NJ-12]
Rep. Michael Honda [D, CA-15]
Rep. Darlene Hooley [D, OR-5]
Rep. Steny Hoyer [D, MD-5]
Rep. Jay Inslee [D, WA-1]
Rep. Steve Israel [D, NY-2]
Rep. Jesse Jackson [D, IL-2]
Rep. William Jefferson [D, LA-2]
Rep. Henry Johnson [D, GA-4]
Rep. Steve Kagen [D, WI-8]
Rep. Paul Kanjorski [D, PA-11]
Rep. Marcy Kaptur [D, OH-9]
Rep. Dale Kildee [D, MI-5]
Rep. Carolyn Kilpatrick [D, MI-13]
Rep. Ronald Kind [D, WI-3]
Rep. Ron Klein [D, FL-22]
Rep. Dennis Kucinich [D, OH-10]
Rep. Nicholas Lampson [D, TX-22]
Rep. James Langevin [D, RI-2]
Rep. Tom Lantos [D, CA-12]
Rep. Rick Larsen [D, WA-2]
Rep. John Larson [D, CT-1]
Rep. Barbara Lee [D, CA-9]
Rep. Sander Levin [D, MI-12]
Rep. John Lewis [D, GA-5]
Rep. Daniel Lipinski [D, IL-3]
Rep. David Loebsack [D, IA-2]
Rep. Nita Lowey [D, NY-18]
Rep. Stephen Lynch [D, MA-9]
Rep. Tim Mahoney [D, FL-16]
Rep. Carolyn Maloney [D, NY-14]
Rep. Edward Markey [D, MA-7]
Rep. James Marshall [D, GA-8]
Rep. Jim Matheson [D, UT-2]
Rep. Doris Matsui [D, CA-5]
Rep. Carolyn McCarthy [D, NY-4]
Rep. Betty McCollum [D, MN-4]
Rep. James McDermott [D, WA-7]
Rep. James McGovern [D, MA-3]
Rep. Mike McIntyre [D, NC-7]
Rep. Jerry McNerney [D, CA-11]
Rep. Michael McNulty [D, NY-21]
Rep. Kendrick Meek [D, FL-17]
Rep. Gregory Meeks [D, NY-6]
Rep. Charles Melancon [D, LA-3]
Rep. Michael Michaud [D, ME-2]
Rep. George Miller [D, CA-7]
Rep. R. Bradley Miller [D, NC-13]
Rep. Harry Mitchell [D, AZ-5]
Rep. Alan Mollohan [D, WV-1]
Rep. Dennis Moore [D, KS-3]
Rep. Gwen Moore [D, WI-4]
Rep. Christopher Murphy [D, CT-5]
Rep. Patrick Murphy [D, PA-8]
Rep. John Murtha [D, PA-12]
Rep. Jerrold Nadler [D, NY-8]
Rep. Grace Napolitano [D, CA-38]
Rep. Richard Neal [D, MA-2]
Rep. James Oberstar [D, MN-8]
Rep. David Obey [D, WI-7]
Rep. John Olver [D, MA-1]
Rep. Solomon Ortiz [D, TX-27]
Rep. Frank Pallone [D, NJ-6]
Rep. William Pascrell [D, NJ-8]
Rep. Edward Pastor [D, AZ-4]
Rep. Donald Payne [D, NJ-10]
Rep. Collin Peterson [D, MN-7]
Rep. Earl Pomeroy [D, ND-0]
Rep. David Price [D, NC-4]
Rep. Nick Rahall [D, WV-3]
Rep. Charles Rangel [D, NY-15]
Rep. Silvestre Reyes [D, TX-16]
Rep. Laura Richardson [D, CA-37]
Rep. Ciro Rodriguez [D, TX-23]
Rep. Mike Ross [D, AR-4]
Rep. Steven Rothman [D, NJ-9]
Rep. Lucille Roybal-Allard [D, CA-34]
Rep. C.A. Dutch Ruppersberger [D, MD-2]
Rep. Bobby Rush [D, IL-1]
Rep. Timothy Ryan [D, OH-17]
Rep. John Salazar [D, CO-3]
Rep. Linda Sanchez [D, CA-39]
Rep. Loretta Sanchez [D, CA-47]
Rep. John Sarbanes [D, MD-3]
Rep. Janice Schakowsky [D, IL-9]
Rep. Adam Schiff [D, CA-29]
Rep. Allyson Schwartz [D, PA-13]
Rep. David Scott [D, GA-13]
Rep. Robert Scott [D, VA-3]
Rep. José Serrano [D, NY-16]
Rep. Joe Sestak [D, PA-7]
Rep. Carol Shea-Porter [D, NH-1]
Rep. Brad Sherman [D, CA-27]
Rep. Heath Shuler [D, NC-11]
Rep. Albio Sires [D, NJ-13]
Rep. Ike Skelton [D, MO-4]
Rep. Louise Slaughter [D, NY-28]
Rep. Adam Smith [D, WA-9]
Rep. Victor Snyder [D, AR-2]
Rep. Hilda Solis [D, CA-32]
Rep. Zackary Space [D, OH-18]
Rep. John Spratt [D, SC-5]
Rep. Bart Stupak [D, MI-1]
Rep. Betty Sutton [D, OH-13]
Rep. John Tanner [D, TN-8]
Rep. Ellen Tauscher [D, CA-10]
Rep. Gene Taylor [D, MS-4]
Rep. Bennie Thompson [D, MS-2]
Rep. C. Michael Thompson [D, CA-1]
Rep. John Tierney [D, MA-6]
Rep. Edolphus Towns [D, NY-10]
Rep. Mark Udall [D, CO-2]
Rep. Tom Udall [D, NM-3]
Rep. Christopher Van Hollen [D, MD-8]
Rep. Nydia Velazquez [D, NY-12]
Rep. Timothy Walz [D, MN-1]
Rep. Debbie Wasserman Schultz [D, FL-20]
Rep. Maxine Waters [D, CA-35]
Rep. Diane Watson [D, CA-33]
Rep. Melvin Watt [D, NC-12]
Rep. Henry Waxman [D, CA-30]
Rep. Anthony Weiner [D, NY-9]
Rep. Peter Welch [D, VT-0]
Rep. Robert Wexler [D, FL-19]
Rep. Charles Wilson [D, OH-6]
Rep. Lynn Woolsey [D, CA-6]
Rep. David Wu [D, OR-1]
Rep. Albert Wynn [D, MD-4]
Rep. John Yarmuth [D, KY-3]

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Republicans Voting 'Aye'

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Rep. W. Todd Akin [R, MO-2]
Rep. Rodney Alexander [R, LA-5]
Rep. Roscoe Bartlett [R, MD-6]
Rep. Judy Biggert [R, IL-13]
Rep. Brian Bilbray [R, CA-50]
Rep. Gus Bilirakis [R, FL-9]
Rep. Mary Bono Mack [R, CA-45]
Rep. John Boozman [R, AR-3]
Rep. Charles Boustany [R, LA-7]
Rep. Henry Brown [R, SC-1]
Rep. Vern Buchanan [R, FL-13]
Rep. Michael Burgess [R, TX-26]
Rep. Stephen Buyer [R, IN-4]
Rep. David Camp [R, MI-4]
Rep. Shelley Capito [R, WV-2]
Rep. Michael Castle [R, DE-0]
Rep. Steven Chabot [R, OH-1]
Rep. Tom Cole [R, OK-4]
Rep. K. Michael Conaway [R, TX-11]
Rep. Ander Crenshaw [R, FL-4]
Rep. Thomas Davis [R, VA-11]
Rep. David Davis [R, TN-1]
Rep. Charles Dent [R, PA-15]
Rep. Lincoln Diaz-Balart [R, FL-21]
Rep. Mario Diaz-Balart [R, FL-25]
Rep. Thelma Drake [R, VA-2]
Rep. Vernon Ehlers [R, MI-3]
Rep. Jo Ann Emerson [R, MO-8]
Rep. Philip English [R, PA-3]
Rep. Mary Fallin [R, OK-5]
Rep. Michael Ferguson [R, NJ-7]
Rep. James Forbes [R, VA-4]
Rep. Jeffrey Fortenberry [R, NE-1]
Rep. Vito Fossella [R, NY-13]
Rep. Rodney Frelinghuysen [R, NJ-11]
Rep. Jim Gerlach [R, PA-6]
Rep. Wayne Gilchrest [R, MD-1]
Rep. Louis Gohmert [R, TX-1]
Rep. Robert Goodlatte [R, VA-6]
Rep. Kay Granger [R, TX-12]
Rep. Samuel Graves [R, MO-6]
Rep. Ralph Hall [R, TX-4]
Rep. Doc Hastings [R, WA-4]
Rep. Robin Hayes [R, NC-8]
Rep. David Hobson [R, OH-7]
Rep. Kenny Hulshof [R, MO-9]
Rep. Timothy Johnson [R, IL-15]
Rep. Jim Jordan [R, OH-4]
Rep. Ric Keller [R, FL-8]
Rep. Peter King [R, NY-3]
Rep. Steve King [R, IA-5]
Rep. Mark Kirk [R, IL-10]
Rep. John Kline [R, MN-2]
Rep. Joseph Knollenberg [R, MI-9]
Rep. John Kuhl [R, NY-29]
Rep. Thomas Latham [R, IA-4]
Rep. Steven LaTourette [R, OH-14]
Rep. Ron Lewis [R, KY-2]
Rep. Frank LoBiondo [R, NJ-2]
Rep. Frank Lucas [R, OK-3]
Rep. Kevin McCarthy [R, CA-22]
Rep. Thaddeus McCotter [R, MI-11]
Rep. John McHugh [R, NY-23]
Rep. Cathy McMorris Rodgers [R, WA-5]
Rep. Candice Miller [R, MI-10]
Rep. Gary Miller [R, CA-42]
Rep. Tim Murphy [R, PA-18]
Rep. Marilyn Musgrave [R, CO-4]
Rep. Randy Neugebauer [R, TX-19]
Rep. Devin Nunes [R, CA-21]
Rep. Steven Pearce [R, NM-2]
Rep. John Peterson [R, PA-5]
Rep. Charles Pickering [R, MS-3]
Rep. Todd Platts [R, PA-19]
Rep. Jon Porter [R, NV-3]
Rep. Deborah Pryce [R, OH-15]
Rep. Adam Putnam [R, FL-12]
Rep. Ralph Regula [R, OH-16]
Rep. Dennis Rehberg [R, MT-0]
Rep. Dave Reichert [R, WA-8]
Rep. Rick Renzi [R, AZ-1]
Rep. Thomas Reynolds [R, NY-26]
Rep. Harold Rogers [R, KY-5]
Rep. Michael Rogers [R, AL-3]
Rep. Michael Rogers [R, MI-8]
Rep. Peter Roskam [R, IL-6]
Rep. Ileana Ros-Lehtinen [R, FL-18]
Rep. H. James Saxton [R, NJ-3]
Rep. Jean Schmidt [R, OH-2]
Rep. Christopher Shays [R, CT-4]
Rep. John Shimkus [R, IL-19]
Rep. William Shuster [R, PA-9]
Rep. Michael Simpson [R, ID-2]
Rep. Christopher Smith [R, NJ-4]
Rep. Lamar Smith [R, TX-21]
Rep. Adrian Smith [R, NE-3]
Rep. Mark Souder [R, IN-3]
Rep. John Sullivan [R, OK-1]
Rep. Lee Terry [R, NE-2]
Rep. Todd Tiahrt [R, KS-4]
Rep. Patrick Tiberi [R, OH-12]
Rep. Michael Turner [R, OH-3]
Rep. Frederick Upton [R, MI-6]
Rep. James Walsh [R, NY-25]
Rep. Zach Wamp [R, TN-3]
Rep. Gerald Weller [R, IL-11]
Rep. Lynn Westmoreland [R, GA-3]
Rep. Edward Whitfield [R, KY-1]
Rep. Roger Wicker [R, MS-1]
Rep. Frank Wolf [R, VA-10]
Rep. C. W. Bill Young [R, FL-10]
Rep. Donald Young [R, AK-0]

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Others Voting 'Aye'

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Democrats Voting 'Nay'

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Republicans Voting 'Nay'

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Rep. Robert Aderholt [R, AL-4]
Rep. Michele Bachmann [R, MN-6]
Rep. Richard Baker [R, LA-6]
Rep. James Barrett [R, SC-3]
Rep. Joe Barton [R, TX-6]
Rep. Rob Bishop [R, UT-1]
Rep. Marsha Blackburn [R, TN-7]
Rep. Roy Blunt [R, MO-7]
Rep. John Boehner [R, OH-8]
Rep. Kevin Brady [R, TX-8]
Rep. Paul Broun [R, GA-10]
Rep. Virginia Brown-Waite [R, FL-5]
Rep. Dan Burton [R, IN-5]
Rep. Ken Calvert [R, CA-44]
Rep. John Campbell [R, CA-48]
Rep. Christopher Cannon [R, UT-3]
Rep. Eric Cantor [R, VA-7]
Rep. John Carter [R, TX-31]
Rep. Howard Coble [R, NC-6]
Rep. John Culberson [R, TX-7]
Rep. Geoff Davis [R, KY-4]
Rep. Nathan Deal [R, GA-9]
Rep. John Doolittle [R, CA-4]
Rep. David Dreier [R, CA-26]
Rep. John Duncan [R, TN-2]
Rep. Tom Feeney [R, FL-24]
Rep. Jeff Flake [R, AZ-6]
Rep. Virginia Foxx [R, NC-5]
Rep. Trent Franks [R, AZ-2]
Rep. Elton Gallegly [R, CA-24]
Rep. E. Scott Garrett [R, NJ-5]
Rep. John Gingrey [R, GA-11]
Rep. Virgil Goode [R, VA-5]
Rep. Dean Heller [R, NV-2]
Rep. Jeb Hensarling [R, TX-5]
Rep. Duncan Hunter [R, CA-52]
Rep. Bob Inglis [R, SC-4]
Rep. Samuel Johnson [R, TX-3]
Rep. Walter Jones [R, NC-3]
Rep. Jack Kingston [R, GA-1]
Rep. Doug Lamborn [R, CO-5]
Rep. Jerry Lewis [R, CA-41]
Rep. Daniel Lungren [R, CA-3]
Rep. Connie Mack [R, FL-14]
Rep. Donald Manzullo [R, IL-16]
Rep. James McCrery [R, LA-4]
Rep. Patrick Mchenry [R, NC-10]
Rep. Howard McKeon [R, CA-25]
Rep. John Mica [R, FL-7]
Rep. Jeff Miller [R, FL-1]
Rep. Sue Myrick [R, NC-9]
Rep. Mike Pence [R, IN-6]
Rep. Thomas Petri [R, WI-6]
Rep. Joseph Pitts [R, PA-16]
Rep. Ted Poe [R, TX-2]
Rep. Tom Price [R, GA-6]
Rep. George Radanovich [R, CA-19]
Rep. James Ramstad [R, MN-3]
Rep. Dana Rohrabacher [R, CA-46]
Rep. Edward Royce [R, CA-40]
Rep. Paul Ryan [R, WI-1]
Rep. Bill Sali [R, ID-1]
Rep. F. James Sensenbrenner [R, WI-5]
Rep. Peter Sessions [R, TX-32]
Rep. John Shadegg [R, AZ-3]
Rep. Clifford Stearns [R, FL-6]
Rep. Thomas Tancredo [R, CO-6]
Rep. William Thornberry [R, TX-13]
Rep. Timothy Walberg [R, MI-7]
Rep. Greg Walden [R, OR-2]
Rep. David Weldon [R, FL-15]
Rep. Addison Wilson [R, SC-2]

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Others Voting 'Nay'

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Democrats Voting 'Abstain'

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Rep. Michael Arcuri [D, NY-24]
Rep. Sanford Bishop [D, GA-2]
Rep. F. Allen Boyd [D, FL-2]
Rep. Corrine Brown [D, FL-3]
Rep. Julia Carson [D, IN-7]
Rep. John Conyers [D, MI-14]
Rep. John Dingell [D, MI-15]
Rep. Michael Doyle [D, PA-14]
Rep. Rubén Hinojosa [D, TX-15]
Rep. Sheila Jackson-Lee [D, TX-18]
Rep. Eddie Johnson [D, TX-30]
Rep. Stephanie Jones [D, OH-11]
Rep. Patrick Kennedy [D, RI-1]
Rep. Zoe Lofgren [D, CA-16]
Rep. James Moran [D, VA-8]
Rep. Ed Perlmutter [D, CO-7]
Rep. Fortney Stark [D, CA-13]
Rep. Peter Visclosky [D, IN-1]

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Republicans Voting 'Abstain'

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Rep. Spencer Bachus [R, AL-6]
Rep. Jo Bonner [R, AL-1]
Rep. Barbara Cubin [R, WY-0]
Rep. Jo Ann Davis [R, VA-1]
Rep. Terry Everett [R, AL-2]
Rep. J. Dennis Hastert [R, IL-14]
Rep. Walter Herger [R, CA-2]
Rep. Peter Hoekstra [R, MI-2]
Rep. Darrell Issa [R, CA-49]
Rep. Bobby Jindal [R, LA-1]
Rep. Ray LaHood [R, IL-18]
Rep. John Linder [R, GA-7]
Rep. Kenny Marchant [R, TX-24]
Rep. Michael McCaul [R, TX-10]
Rep. Jerry Moran [R, KS-1]
Rep. Ronald Paul [R, TX-14]
Rep. Heather Wilson [R, NM-1]

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Others Voting 'Abstain'

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See Full Voting History (2 votes)Hide Voting History     Show All Actions (26 actions)Hide Actions

Voting History

Date	Chamber	Question	Aye	Nay	Result
September 27, 2007	House	H.R.3567 Small Business Investment Expansion Act of 2007 On Passage: H R 3567 Small Business Investment Expansion Act	325	72	Passed	See Vote
September 27, 2007	House	H.R.3567 Small Business Investment Expansion Act of 2007 On Motion to Recommit with Instructions: H R 3567 Small Business Investment Expansion Act	183	213	Failed	See Vote

All Bill Actions

• Sep 28, 2007: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
• Sep 27, 2007: Rule H. Res. 682 passed House.
• Sep 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.
• Passed roll in the House on Sep 27, 2007. On passage Passed by the Yeas and Nays: 325 - 72 (Roll no. 923).
• Sep 27, 2007: On motion to recommit with instructions Failed by the Yeas and Nays: 183 - 213 (Roll no. 922).
• Sep 27, 2007: The previous question on the motion to recommit with instructions was ordered without objection.
• Sep 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.
• Sep 27, 2007: Mr. Walberg moved to recommit with instructions to Small Business.
• Sep 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.
• Sep 27, 2007: The previous question was ordered pursuant to the rule.
• Sep 27, 2007: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3567.
• Sep 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.
• Sep 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.
• Sep 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.
• Sep 27, 2007: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3567.
• Sep 27, 2007: The Speaker designated the Honorable Ron Kind to act as Chairman of the Committee.
• Sep 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.
• Sep 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.
• Sep 27, 2007: Considered under the provisions of rule H. Res. 682.
• Sep 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.
• Added to calendar on Sep 25, 2007: Placed on the Union Calendar, Calendar No. 216..
• Sep 25, 2007: Reported by the Committee on Small Business. H. Rept. 110-347.
• Added to calendar on Sep 20, 2007: Ordered to be Reported by Voice Vote..
• Sep 20, 2007: Committee Consideration and Mark-up Session Held.
• Sep 18, 2007: Referred to the House Committee on Small Business.
• Introduced on Sep 18, 2007.

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Related Bills:

• H.Res.682

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In the News

October 15, 2007 Small Business Groups United in Opposition to Anti-Small Business ...

Several national small business groups have come out in opposition to a new House bill, HR 3567, the Small Business Investment Expansion Act of 2007, ...

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Source: Web Services Journal, NJ

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October 15, 2007 Small Business Groups United in Opposition to Anti-Small Business ...

Several national small business groups have come out in opposition to a new House bill, HR 3567, the Small Business Investment Expansion Act of 2007, ...

Was this article useful? Yes or No (1 of 1 found it useful.)

Source: Earthtimes, UK

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October 13, 2007 Big-business boondoggle

The House just passed HR 3567, the Small Business Investment Expansion Act. Members of the House backed by the National Venture Capital Association and ...

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Source: Rocky Mountain News, CO

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Blog Coverage

October 27, 2008 ASBL Recommendations to End Fraud, Abuse, and Loopholes in Federal ...

HR 3567 would allow firms that are controlled by some of the nation's wealthiest investors to be treated as small businesses. This would create a staggering loophole that would result in the diversion of billions of dollars in federal ...

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Source: American Small Business League

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October 27, 2008 Lloyd Chapman: ASBL Recommendations to End Fraud, Abuse, and ...

HR 3567 would allow firms that are controlled by some of the nation's wealthiest investors to be treated as small businesses. This would create a staggering loophole that would result in the diversion of billions of dollars in federal ...

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Source: Business on huffingtonpost.com

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September 10, 2008 lloyd chapman: venture capitalists try to buy into small business ...

last year, the house of representatives passed hr 3567, which as originally written, would have amended the small business act to allow firms owned up to 51 percent by a single venture capital firm to qualify as a small business. ...

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