Where do you stand?

house Bill H.R. 432

Giving Small Business Investment Companies a Break from Reporting Regulations

Argument in favor

This bill would clarify the role SBICs play, while giving them a much-needed break from regulatory requirements that can keep them from helping small businesses grow and boost the economy.

Chad's Opinion

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09/25/2015

Small business increase competition which drive prices down

Curmudgeon's Opinion

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07/18/2015

Regulations discourage entrepreneurship or expansion. Confusing and perhaps conflicting regulations are worse still. It is hard to determine what good will result from funding a study intended to streamline anything, but this goal may be one worth pursuing.

John's Opinion

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07/13/2015

Reduce red tape and regulations wherever possible. BUT NO MORE BAIL OUTS!!

Argument opposed

Why should SBICs get an exemption from the regulations that everyone else in the industry has to follow? SBICs should not be above federal registrations or state regulations.

Steven's Opinion

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03/18/2016

So as long as you make money we don't care how you do it. This is the line of thinking that lets big oil pollute, big tobacco sell cancer sticks to children & big guns sell to spree shooters.

Like (4)

Evercraft's Opinion

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07/15/2015

Why would we pave the way for another market crash? Weren't these specific regulations invented because lenders were breaking the rules?

Like (2)

Bfallen07's Opinion

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07/19/2015

Am sick of the money given to people who do not deserve

bill Progress

Not enacted
The President has not signed this bill
The senate has not voted
The house Passed July 14th, 2015
Passed by Voice Vote
IntroducedJanuary 21st, 2015

Bill Activity

01/21/2015
action
Introduced in House
01/21/2015
referral
Referred to the House Committee on Financial Services.
04/29/2015
action
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
05/20/2015
action
Committee Consideration and Mark-up Session Held.
05/20/2015
calendar
Ordered to be Reported by the Yeas and Nays: 53 - 0.
07/14/2015
action
Reported by the Committee on Financial Services. H. Rept. 114-199.
07/14/2015
calendar
Placed on the Union Calendar, Calendar No. 148.
07/14/2015
action
Mr. Luetkemeyer moved to suspend the rules and pass the bill.
07/14/2015
action
Considered under suspension of the rules.
07/14/2015
action
DEBATE - The House proceeded with forty minutes of debate on H.R. 432.
07/14/2015
vote
On motion to suspend the rules and pass the bill Agreed to by voice vote.
07/14/2015
action
Motion to reconsider laid on the table Agreed to without objection.
07/15/2015
referral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

bill Progress

Not enacted
The President has not signed this bill
The senate has not voted
The house Passed July 14th, 2015
Passed by Voice Vote
IntroducedJanuary 21st, 2015

Bill Data

Issues

Committees

Committee on Financial Services
Committee on Banking, Housing, and Urban Affairs
Investor Protection, Entrepreneurship, and Capital Markets

Sponsor

Rep Blaine Luetkemeyer

(R - MO)

9 Cosponsors

Introduced 01/21/2015

Full text of Bill

Steven's Opinion Against

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03/18/2016

So as long as you make money we don't care how you do it. This is the line of thinking that lets big oil pollute, big tobacco sell cancer sticks to children & big guns sell to spree shooters.

Like (4)