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Support for Small Businesses: New Licenses and Community Investments

This act makes it easier for small businesses, especially those with less experienced management, to obtain investment licenses. The goal is to increase access to capital for businesses operating in low-income areas, rural areas, special zones, as well as for research and development and manufacturing companies. This means more small businesses can receive financial support, potentially leading to new job creation and local economic growth.
Key points
Easier licensing for firms investing in small businesses, even if their management lacks extensive investment experience but has documented business success.
Requirement for at least 25% of investments to go to low-income communities, special zones, rural areas, R&D firms, manufacturers, and businesses owned by underserved communities.
Streamlined application process for licenses, with priority for underlicensed states.
Limitation of maximum financial leverage to $25 million for newly licensed companies.
Requirement for independent members on investment committees to approve every investment.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1759
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2021-05-20
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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_S_1759.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Easier licensing for firms investing in small businesses, even if their management lacks extensive investment experience but has documented business success.
  • Requirement for at least 25% of investments to go to low-income communities, special zones, rural areas, R&D firms, manufacturers, and businesses owned by underserved communities.
  • Streamlined application process for licenses, with priority for underlicensed states.
  • Limitation of maximum financial leverage to $25 million for newly licensed companies.
  • Requirement for independent members on investment committees to approve every investment.
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 Sen. Hickenlooper, John W. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Public Investments