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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 &quot;low-income geographic area&quot; the same as the definition of &quot;low-income community&quot; 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 &quot;independently owned and operated&quot; 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.<br/>

1190952000 2007-09-28 Fri Nov 07 01:20:08 -0600 2008 reported to house 46191 'act':5 '2007':7 'busi':2 'small':1 'expans':4 'invest':3 52377 short passed house 46191 'act':5 '2007':7 'busi':2 'small':1 'expans':4 'invest':3 53255 false short introduced 46191 'act':5 '2007':7 'busi':2 'small':1 'expans':4 'invest':3 52240 short introduced 46191 'act':7 '1958':9 'busi':5,17 'amend':2 'small':4,16 'expand':11 'invest':6,14 'purpos':21 'opportun':12 52216 official action 46191 1190952000 Fri Sep 28 00:00:00 -0500 2007 133919 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. A000362 1968-03-07 3825 1419 Longworth House Office Building https://forms.house.gov/altmire/webforms/issue_subscribe.htm 4 202-226-2274 Jason 'd':4 '-4':6 'pa':5 'rep':1 'jason':2,7,9 'altmir':3,8,10 M 412231 Altmire Jason_Altmire Rep. Jason Altmire [D, PA-4] 1921 N00027664 8721 Democrat 202-225-2565 PA Jason Altmire 4.23076923076923 http://www.altmire.house.gov/ congressmanaltmire G000546 1963-11-07 1271 1415 Longworth House Office Building http://www.house.gov/graves/contact.shtml 6 202-225-8221 Samuel 'r':4 '-6':6 'mo':5 'rep':1 'sam':9 'grave':3,8,11 'samuel':2,7,10 M 400158 Graves Sam_Graves B. Rep. Samuel Graves [R, MO-6] 390 Sam N00013323 6979 Republican 202-225-7041 Baptist MO Sam Samuel Graves 6.63636363636364 http://www.house.gov/graves T000326 1934-07-21 2323 2232 Rayburn House Office Building http://www.house.gov/towns/contact_form_zipcheck.shtml 10 202-225-1018 Edolphus 'd':4 'ed':9 'ny':5 '-10':6 'rep':1 'town':3,8,11 'edolphus':2,7,10 M 400409 Towns Edolphus_Towns Rep. Edolphus Towns [D, NY-10] 769 Ed N00001082 7266 Democrat 202-225-5936 Baptist NY Ed Edolphus Towns 1.0 http://www.house.gov/towns/ V000081 1953-03-28 3119 2466 Rayburn House Office Building http://www.house.gov/velazquez/IMA/issue_subscribe.htm 12 202-226-0327 Nydia 'd':4 'ny':5 '-12':6 'rep':1 'nydia':2,7,9 'velazquez':10 'velázquez':3,8 F 400416 Velázquez Nydia_M._Velazquez M. Rep. Nydia Velázquez [D, NY-12] 1166 N00001102 8100 Democrat 202-225-2361 Roman Catholic NY Nydia Velazquez 3.38461538461538 http://www.house.gov/velazquez/ nydiavelazquez action 46191 1190952000 Fri Sep 28 00:00:00 -0500 2007 133919 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. action 46191 1190950500 Thu Sep 27 12:35:00 -0500 2007 130736 Rule H. Res. 682 passed House. vote 46191 1190927940 Thu Sep 27 18:19:00 -0500 2007 roll 130746 pass On passage Passed by the Yeas and Nays: 325 - 72 (Roll no. 923). vote h action 46191 1190927940 Thu Sep 27 18:19:00 -0500 2007 130747 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. action 46191 1190927340 Thu Sep 27 18:09:00 -0500 2007 130745 On motion to recommit with instructions Failed by the Yeas and Nays: 183 - 213 (Roll no. 922). action 46191 1190925840 Thu Sep 27 17:44:00 -0500 2007 130744 The previous question on the motion to recommit with instructions was ordered without objection. action 46191 1190925360 Thu Sep 27 17:36:00 -0500 2007 130743 Mr. Walberg moved to recommit with instructions to Small Business. action 46191 1190925360 Thu Sep 27 17:36:00 -0500 2007 154734 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. action 46191 1190925300 Thu Sep 27 17:35:00 -0500 2007 130741 The previous question was ordered pursuant to the rule. action 46191 1190925300 Thu Sep 27 17:35:00 -0500 2007 130740 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3567. action 46191 1190925300 Thu Sep 27 17:35:00 -0500 2007 130742 The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union. action 46191 1190925180 Thu Sep 27 17:33:00 -0500 2007 154733 DEBATE - Pursuant to the provisions of H. Res. 682, the Committee of the Whole proceeded with 10 minutes of debate on the Inslee amendment. action 46191 1190924940 Thu Sep 27 17:29:00 -0500 2007 154732 DEBATE - Pursuant to the provisions of H. Res. 682, the Committee of the Whole proceeded with 10 minutes of debate on the Inslee amendment. action 46191 1190924640 Thu Sep 27 17:24:00 -0500 2007 154731 DEBATE - Pursuant to the provisions of H. Res. 682, the Committee of the Whole proceeded with 10 minutes of debate on the Chabot amendment. action 46191 1190922960 Thu Sep 27 16:56:00 -0500 2007 130739 The Speaker designated the Honorable Ron Kind to act as Chairman of the Committee. action 46191 1190922960 Thu Sep 27 16:56:00 -0500 2007 154730 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3567. action 46191 1190922960 Thu Sep 27 16:56:00 -0500 2007 130738 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 682 and Rule XVIII. action 46191 1190922900 Thu Sep 27 16:55:00 -0500 2007 154729 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. action 46191 1190922900 Thu Sep 27 16:55:00 -0500 2007 130737 Considered under the provisions of rule H. Res. 682. action 46191 1190842380 Wed Sep 26 18:33:00 -0500 2007 130523 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. calendar 46191 1190738100 Tue Sep 25 13:35:00 -0500 2007 130234 Placed on the Union Calendar, Calendar No. 216. action 46191 1190738100 Tue Sep 25 13:35:00 -0500 2007 130233 Reported by the Committee on Small Business. H. Rept. 110-347. action 46191 1190260800 Thu Sep 20 00:00:00 -0500 2007 130231 Committee Consideration and Mark-up Session Held. calendar 46191 1190260800 Thu Sep 20 00:00:00 -0500 2007 130232 Ordered to be Reported by Voice Vote. introduced 46191 1190088000 Tue Sep 18 00:00:00 -0500 2007 129461 action 46191 1190088000 Tue Sep 18 00:00:00 -0500 2007 129462 Referred to the House Committee on Small Business. 35 325 46191 Thu Sep 27 17:19:00 -0500 2007 true 3941 72 923 109 0 On Passage: H R 3567 Small Business Investment Expansion Act true 1/2 Passed On Passage Thu Sep 27 17:36:00 -0500 2007 house 36 183 46191 Thu Sep 27 17:09:00 -0500 2007 false 4317 213 922 20 0 On Motion to Recommit with Instructions: H R 3567 Small Business Investment Expansion Act true 1/2 Failed On Motion to Recommit with Instructions Thu Sep 27 17:35:06 -0500 2007 house