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More Money for Small Businesses: New Investment Programs

This act introduces new ways to support small businesses through investments. It creates a special type of licensed investor who can get additional government funds to invest in small businesses, especially those in needy regions or run by disadvantaged groups. A program to support new investment managers is also established.
Key points
A new "Micro-SBIC" program makes it easier for investors to access government financial support for investing in small businesses.
Investors must have at least $5 million in private funds to apply for a license.
The government can add its own funds (leverage) to private investments, increasing the money available for small businesses.
Special support and more favorable leverage terms are provided for investments in businesses in specific regions (e.g., development zones) and in businesses run by disadvantaged individuals or veterans.
The "Emerging Managers Program" aims to help new investment managers gain experience and enter the market, potentially increasing the diversity of investors supporting small businesses.
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Expired
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Additional Information
Print number: 117_HR_5225
Sponsor: Rep. Houlahan, Chrissy [D-PA-6]
Process start date: 2021-09-10
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Micro-SBIC and Emerging Managers Program Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5225.

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 2021-09-10.

What are the main provisions?

Key points include:

  • A new "Micro-SBIC" program makes it easier for investors to access government financial support for investing in small businesses.
  • Investors must have at least $5 million in private funds to apply for a license.
  • The government can add its own funds (leverage) to private investments, increasing the money available for small businesses.
  • Special support and more favorable leverage terms are provided for investments in businesses in specific regions (e.g., development zones) and in businesses run by disadvantaged individuals or veterans.
  • The "Emerging Managers Program" aims to help new investment managers gain experience and enter the market, potentially increasing the diversity of investors supporting small businesses.
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. Houlahan, Chrissy [D-PA-6].

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