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Support for Small Businesses: New Investment Licenses and Streamlined Procedures

This act introduces a new license category for companies investing in small businesses, called "MicroCap". This aims to facilitate access to capital for businesses in less developed regions, those run by underserved communities, and innovative enterprises. Citizens may experience a positive impact through job creation and local economic development.
Key points
Facilitating access to funding for small businesses, especially those in low-income areas, rural areas, or run by underserved communities.
Streamlined and faster procedures for obtaining licenses for new investment companies, aiming to accelerate capital flow to businesses in need.
Requirement for at least 25% of investments to go to specific types of businesses or communities, supporting regional development and innovation.
Limiting the maximum financial support for newly licensed investment companies to $25 million, ensuring aid reaches smaller entities.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3842
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2021-06-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

MicroCap Small Business Investing Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3842.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-11.

What are the main provisions?

Key points include:

  • Facilitating access to funding for small businesses, especially those in low-income areas, rural areas, or run by underserved communities.
  • Streamlined and faster procedures for obtaining licenses for new investment companies, aiming to accelerate capital flow to businesses in need.
  • Requirement for at least 25% of investments to go to specific types of businesses or communities, supporting regional development and innovation.
  • Limiting the maximum financial support for newly licensed investment companies to $25 million, ensuring aid reaches smaller entities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Public Investments