http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/history/110_HR_1719.html?rev=6657 <p>H.R. 1719 would amend the Small Business Investment Act of 1958 to reauthorize and expand the New Markets Venture Capital Program.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Securing Equity for the Economic Development of Low Income Areas Act of 2007 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA), in selecting companies to participate in the New Markets Venture Capital Program (Program), to select at least one company from each geographic region of the SBA. Requires (currently, authorizes) the Administrator to make grants to such companies to be used for loans to new-market small businesses, and to guarantee debentures issued by such companies.</p> <p>Establishes the Office of New Markets Venture Capital, headed by a Director, to administer the Program.</p> <p>Revises the definition of &quot;low income geographic area&quot; for Program eligibility purposes.</p> <p>Requires a study by the SBA's Chief Counsel for Advocacy on the availability of equity capital in low-income urban and rural areas.</p> <p>Authorizes operational assistance grants to conditionally approved companies.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 3/27/2007: Referred to House committee. Status: Referred to the House Committee on Small Business.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 6657@http://www.washingtonwatch.com Thu, 02 Aug 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_HR_1719.html?rev=6658 <p>H.R. 1719 would amend the Small Business Investment Act of 1958 to reauthorize and expand the New Markets Venture Capital Program.</p> <h2 id="toc4"> Detailed Summary </h2> <p>Securing Equity for the Economic Development of Low Income Areas Act of 2007 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA), in selecting companies to participate in the New Markets Venture Capital Program (Program), to select at least one company from each geographic region of the SBA. Requires (currently, authorizes) the Administrator to make grants to such companies to be used for loans to new-market small businesses, and to guarantee debentures issued by such companies.</p> <p>Establishes the Office of New Markets Venture Capital, headed by a Director, to administer the Program.</p> <p>Revises the definition of &amp;quot;low income geographic area&amp;quot; for Program eligibility purposes.</p> <p>Requires a study by the SBA's Chief Counsel for Advocacy on the availability of equity capital in low-income urban and rural areas.</p> <p>Authorizes operational assistance grants to conditionally approved companies.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>Latest Major Action: 3/27/2007: Referred to House committee. Status: Referred to the House Committee on Small Business.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 6658@http://www.washingtonwatch.com Thu, 02 Aug 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_1719.html 6/27/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Veterans' Affairs. 27809@http://www.washingtonwatch.com Wed, 27 Jun 2007 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_HR_1719.html 3/27/2007: Referred to House committee. Status: Referred to the House Committee on Small Business. 19310@http://www.washingtonwatch.com Tue, 27 Mar 2007 00:00:00 EDT