H.R. 2803 would amend the Small Business Investment Act of 1958 to establish the Angel Investment Program.

== Detailed Summary ==

<summary>
(Log inAngels Nurture Growing Entrepreneurs into Long-Term Successes (ANGELS) Act - Amends the Small Business Investment Act of 1958 to editestablish within the wikiInvestment Division of the Small Business Administration (SBA) the Office of Angel Investment, headed by a Director, to provide support for the development of angel investment opportunities for small businesses.

Requires the Director to: (1) establish and carry out a program, to be known as the firstAngel Finance Program, to provide financing to approved angel groups; (2) establish and maintain a detailed summarysearchable database, to be known as the Federal Angel Network, to assist small businesses in identifying angel investors; and (3) establish and carry out a program to make grants for the development of new or existing angel groups and to increase awareness and education about angel investing.

Amends the Internal Revenue Code to provide a small business investment tax credit of 20 percent of the bill!)amount paid or incurred for qualified small business investment.
</summary>

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== Status of the Legislation ==

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(LogLatest Major Action: 6/21/2007: Referred to House committee. Status: Referred to the Committee on Small Business, and in addition to edit the wikiCommittee on Ways and Means, for a period to be subsequently determined by the first to updateSpeaker, in each case for consideration of such provisions as fall within the statusjurisdiction of the bill!)committee concerned.
</status>

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== Points in Favor ==

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== Points Against ==

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