legislation: 109-s-3680

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-s-3680 109 s 3680 Securing Equity for the Economic Development of Low Income Areas Act of 2006 Commerce 2006-07-18 2006-07-18 Read twice and referred to the Committee on Small Business and Entrepreneurship. Senate Sen. Kerry, John F. [D-MA] MA D K000148 3 Securing Equity for the Economic Development of Low Income Areas Act of 2006 - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to select at least one company from each SBA geographic region when selecting companies to participate as New Markets Venture Capital companies. Establishes in the Investment Division of the SBA the Office of New Markets Venture Capital. Modifies the definition of low-income geographic area to reflect the new markets tax credit under the Internal Revenue Code. Revises the formula for the amount of operational assistance grants for new markets venture capital companies. 2023-01-12T17:52:29Z  

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