S. 1995: Spurring Business in Communities Act of 2018
Before you vote › Federal bills
S. 1995: Spurring Business in Communities Act of 2018
115th Congress · introduced 2017-10-24 · Commerce · Latest: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449.
federal
Follow this bill, step by step
- Where it came from: introduced 2017-10-24 · official record
- Who proposed it: Sen. Rubio, Marco [R-FL] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-449. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Spurring Business in Communities Act of 2018
Plain summary
Spurring Business in Communities Act of 2017 This bill amends the Small Business Investment Act of 1958 to: require the Small Business Administration (SBA), in reviewing and processing an entity's application to become a small business investment company (SBIC), to give first priority to an SBIC applicant located in an underlicensed state (i.e., a state in which the number of licensees per capita is less than the median number of licensees per capita for all states) with below median financing; and exempt applicants in underlicensed states from certain SBA capital requirements.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
Spurring Business in Communities Act of 2018
Source: Congressional Research Service summary (Introduced in Senate)
AI explanation – may be wrong, check the official text
No AI explanation yet. It takes up to a minute to write and is then saved for everyone.
Limited to a few requests an hour per person.
The strongest published arguments
Arguments for (supporters)
Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.
Arguments against (opponents)
Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.
Alternatives
Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.
How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Rubio, Marco [R-FL] · 3 cosponsors
Cost estimate: CBO cost estimate: S. 1995, Spurring Business in Communities Act of 2018 (2018-11-16)
Cosponsors on this site
Tammy Baldwin (D-WI), John Kennedy (R-LA), Shelley Moore Capito (R-WV)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s1995.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>
Record fed-us-cong115-s1995 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115