U.S. Congress - H.R.3738 Small Business Early-Stage Investment Act of 2009
H.R.3738 - Small Business Early-Stage Investment Act of 2009
To amend the Small Business Investment Act of 1958 to establish a program for the Small Business Administration to provide financing to support early-stage small businesses in targeted industries, and for other purposes. view all titles (3)
All Bill Titles
- Official: To amend the Small Business Investment Act of 1958 to establish a program for the Small Business Administration to provide financing to support early-stage small businesses in targeted industries, and for other purposes. as introduced.
- Short: Small Business Early-Stage Investment Act of 2009 as introduced.
- Short: Small Business Early-Stage Investment Act of 2009 as passed house.
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Official Summary
11/18/2009--Passed House amended. Small Business Early-Stage Investment Act of 2009 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to establish and carry out a program to provide equity investment financing to suppoOfficial Summary
11/18/2009--Passed House amended. Small Business Early-Stage Investment Act of 2009 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to establish and carry out a program to provide equity investment financing to support early-stage small businesses in the following targeted industries:(1) agricultural technology;
(2) energy technology;
(3) environmental technology;
(4) life science;
(5) information technology;
(6) digital media;
(7) clean technology;
(8) defense technology; and
(9) photonics technology. Directs the Administrator to make grants to participating investment companies under the program and limits to $100 million the aggregate amount of all grants made to a participating investment company under the program. Requires, as a condition of receiving a grant under the program, all of the investments of participating investment companies to be in small businesses, and at least 50% to be in early-stage small businesses in the targeted industries. Directs the Administrator to monitory participant compliance with such requirements. Establishes a separate Treasury fund for such grants. Authorizes appropriations. Prohibits funds appropriated for such purpose from being used for a congressional earmark.
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Organizations Supporting H.R.3738
- National Venture Capital Association
- Association of Investment Companies
- National Association of Small Business Investment Companies
- American Electronics Association
- Cyber Security Industry Alliance
- Information Technology Association of America
- ...and 2 more. See all.
Organizations Opposing H.R.3738
- None via MapLight at this time.
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