PlainBillCongress, translated.Legislation. Context. Public interest.Placed on Senate Legislative Calendar under General Orders. Calendar No. 171.
Congressional Research Service
Version 25 · Reported to Senate · Jul 25, 2023
SBIC Advisory Committee Act of 2023
This bill requires the Small Business Administration (SBA) to establish an advisory committee to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity.
Composed in part of representatives of and partners with small businesses in low-income communities and rural areas, the advisory committee must make recommendations for SBICs to invest in (1) underlicensed and underfinanced states; and (2) small businesses owned by socially or economically disadvantaged individuals, veterans, and women.
People & committees
Sen. Cardin, Benjamin L. [D-MD] · D–MD
Legislative record
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 171.
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with amendments. Without written report.
Committee on Small Business and Entrepreneurship. Reported by Senator Cardin with amendments. Without written report.
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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