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Small Business Support: New Investment Opportunities and Local Development

This act introduces a new category of investment companies to support small businesses, especially those in less developed regions. This aims to facilitate access to capital for businesses that previously struggled to obtain it, potentially leading to job creation and local economic growth.
Key points
Easier access to funding for small businesses, particularly in low-income areas, rural areas, and for businesses owned by individuals in underserved communities.
New investment companies must allocate at least 25% of their investments to support development in specific, needy areas.
Streamlined licensing process for investment companies, encouraging faster deployment of support for small businesses.
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Status:
Expired
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Additional Information
Print number: 118_HR_3717
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2023-05-25
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-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

MicroCap Small Business Investing Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3717.

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 2023-05-25.

What are the main provisions?

Key points include:

  • Easier access to funding for small businesses, particularly in low-income areas, rural areas, and for businesses owned by individuals in underserved communities.
  • New investment companies must allocate at least 25% of their investments to support development in specific, needy areas.
  • Streamlined licensing process for investment companies, encouraging faster deployment of support for 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. 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 2025-12-25.

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