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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
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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.
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John's Opinion
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07/13/2015
Reduce red tape and regulations wherever possible. BUT NO MORE BAIL OUTS!!
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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.
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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?
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Bfallen07's Opinion
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07/19/2015
Am sick of the money given to people who do not deserve
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed July 14th, 2015
    Passed by Voice Vote
      house Committees
      Committee on Financial Services
      Investor Protection, Entrepreneurship, and Capital Markets
    IntroducedJanuary 21st, 2015

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Bill Activity

  • action
    Introduced in House
  • referral
    Referred to the House Committee on Financial Services.
  • action
    Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
  • action
    Committee Consideration and Mark-up Session Held.
  • calendar
    Ordered to be Reported by the Yeas and Nays: 53 - 0.
  • action
    Reported by the Committee on Financial Services. H. Rept. 114-199.
  • calendar
    Placed on the Union Calendar, Calendar No. 148.
  • action
    Mr. Luetkemeyer moved to suspend the rules and pass the bill.
  • action
    Considered under suspension of the rules.
  • action
    DEBATE - The House proceeded with forty minutes of debate on H.R. 432.
  • vote
    On motion to suspend the rules and pass the bill Agreed to by voice vote.
  • action
    Motion to reconsider laid on the table Agreed to without objection.
  • 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
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed July 14th, 2015
    Passed by Voice Vote
      house Committees
      Committee on Financial Services
      Investor Protection, Entrepreneurship, and Capital Markets
    IntroducedJanuary 21st, 2015

Log in or create an account to see how your Reps voted!