PlainBillCongress, translated.Legislation. Context. Public interest.Committee on Small Business and Entrepreneurship. Hearings held.
Congressional Research Service
Version 00 · Introduced in Senate · May 20, 2021
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.
People & committees
Sen. Hickenlooper, John W. [D-CO] · D–CO
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. Hearings held.
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 117-211.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
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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