S. 1759: MicroCap Small Business Investing Act of 2021

117th Congress · introduced 2021-05-20 · Commerce · Latest: Committee on Small Business and Entrepreneurship. Hearings held.

federal

Follow this bill, step by step

Where it came from: introduced 2021-05-20 · official record
Who proposed it: Sen. Hickenlooper, John W. [D-CO] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Committee on Small Business and Entrepreneurship. Hearings held. 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.

What does this mean?

Official title

MicroCap Small Business Investing Act of 2021

Plain summary

MicroCap Small Business Investing Act of 2021 This bill authorizes the Small Business Administration (SBA) to issue up to ten Small Business Investment Company (SBIC) licenses each year to certain applicants. An SBIC is a privately owned company, licensed and regulated by the SBA, which invests in small businesses through debt and equity. A license issued under the bill must be awarded to an applicant that would otherwise be issued a license except that the management of the applicant does not satisfy certain qualification requirements such as investment experience; where the fund managers have a documented record of successful business experience, a record of business management success, or knowledge in the particular industry or business in which the investment strategy is being pursued; and that will make at least 25% of its investments in specified areas and businesses (e.g., low-income communities, businesses owned or controlled by individuals in underserved communities, and rural areas). The SBA must prioritize applicants that are located in states with fewer licenses and establish a streamlined application process for those licenses.

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

MicroCap Small Business Investing Act of 2021

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Hickenlooper, John W. [D-CO] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

James E. Risch (R-ID), Tim Scott (R-SC), Catherine Cortez Masto (D-NV)

Sponsor's campaign money: Sen. Hickenlooper, John W. [D-CO] reported raising $9.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

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 (1)

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).

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-117s1759.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>

Record fed-us-cong117-s1759 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117