About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


S. Rept. 117-105 1 (2022-05-03)

handle is hein.congrecreports/crptxaejs0001 and id is 1 raw text is: AUTHENTICATED U.S. GOVERNMENT INFORMATION . Calendar No. 280 117TH CONGRESS REPORT 2d Session SENATE 117-105 SBIC ADVISORY COMMITTEE ACT OF 2022 MAY 3, 2022.-Ordered to be printed Mr. CARDIN, from the Committee on Small Business and Entrepreneurship, submitted the following R E P O R T together with MINORITY VIEWS [To accompany S. 2521] The Committee on Small Business and Entrepreneurship, to which was referred the bill (S. 2521) to require the Administrator of the Small Business Administration to establish an SBIC Work- ing Group, and for other purposes, reports favorably thereon, with an amendment in the nature of a substitute and an amendment to the title, and recommends that the bill, as amended, do pass. I. INTRODUCTION A bill to require the Administrator of the Small Business Admin- istration to establish an SBIC Advisory Committee, (S. 2521) was introduced by Senator Ben Cardin and Senator Jim Risch on July 28, 2021. This bill directs the U.S. Small Business Administration (SBA) Administrator to establish an SBIC Advisory Committee to develop recommendations for increasing the diversity of the investments made by the SBIC program to include a greater number of busi- nesses owned by members of underserved communities and busi- nesses located in underfinanced States. During the markup of the bill, the Cardin substitute amendment and the Cardin long title amendment to the bill were approved by a voice vote as part of a manager's package. The Cardin substitute amendment changes the name of the SBIC working group to the 29-010