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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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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments