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- S.3483
S.3483: Scale-Up Manufacturing Investment Company Act of 2020
About This Bill
- Introduced March 12, 2020
- Latest Major Action March 12, 2020
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - March 12, 2020
Bill Summary
Scale-Up Manufacturing Investment Company Act of 2020 This bill establishes a scale-up manufacturing investment company (SUMIC) program within the Small Business Administration (SBA) to provide leverage for participating investment funds (PIFs) to support debt and equity investments in qualifying manufacturing projects of specified small and emerging manufacturers. The SBA may provide up to $1 of leverage for every $1 of private capital raised...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 12, 2020 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| March 12, 2020 |
Introduced in the Senate by Cory Booker (D-N.J.) |