PlainBillCongress, translated.Legislation. Context. Public interest.Committee on Small Business and Entrepreneurship. Measure incorporated into measure S.1662 ordered to be reported.
Congressional Research Service
Version 00 · Introduced in Senate · Jun 19, 2007
Securing Equity for the Economic Development of Low Income Areas Act of 2007 or SEED Act - 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.
People & committees
Sen. Kerry, John F. [D-MA] · D–MA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Committee on Small Business and Entrepreneurship. Measure incorporated into measure S.1662 ordered to be reported.
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S7906)
Sponsor introductory remarks on measure. (CR S7905)
Introduced in Senate
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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