S. 511: EXCEL Act

Introduced:
Mar 11, 2013
Status:
Reported by Committee
Prognosis
27% chance of being enacted
Track this bill
Sponsor
Mary Landrieu
Senior Senator from Louisiana
Party
Democrat
Text
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Last Updated
Sep 10, 2013
Length
8 pages
Related Bills
S. 3253 (112th) was a previous version of this bill.

Referred to Committee
Last Action: May 24, 2012

 
Status

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on June 17, 2013.

Progress
Introduced Mar 11, 2013
Referred to Committee Mar 11, 2013
Reported by Committee Jun 17, 2013
Passed Senate ...
Passed House ...
Signed by the President ...
Prognosis

27% chance of being enacted.

Only about 23% of bills that made it past committee in 2011–2013 were enacted. [show factors | methodology]

 
Full Title

A bill to amend the Small Business Investment Act of 1958 to enhance the Small Business Investment Company Program, and for other purposes.

Summary

No summaries available.

Cosponsors
3 cosponsors (2D, 1R) (show)
Committees

Senate Small Business and Entrepreneurship

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Citation

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


9/10/2013--Reported to Senate amended.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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