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S.511: EXCEL Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about commerce
You can read the bill
Sponsor Mary L. Landrieu, D-La.
Total Cosponsors 3 (2 Democrats, 1 Republican)
Introduced March 11, 2013
Latest Major Action Sept. 10, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Expanding Access to Capital for Entrepreneurial Leaders Act or the EXCEL Act - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses. Increases from $225 million to $350 million the maximum amount of outstanding leverage for two or more commonly-controlled SBICs.

(Source: Congressional Research Service)

Bill Actions

Date Description
Sept. 10, 2013 Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.
Sept. 10, 2013 Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-90.
June 17, 2013 Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.
June 13, 2013 Committee on Small Business and Entrepreneurship. Committee consideration and Mark Up Session held.
March 14, 2013 Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 113-309.
March 11, 2013 Read twice and referred to the Committee on Small Business and Entrepreneurship.