S.511: EXCEL Act

About This Bill

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...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with S.511.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for S.511.

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.
March 11, 2013

Introduced in the Senate by Mary L. Landrieu (D-La.)

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