SBIA expresses support for Rep. Houlahan’s “Micro-SBIC” bill
Standalone legislation reinforces need for broader access to capital, especially for small businesses in underserved areas
WASHINGTON, DC (September 14, 2021) – The Small Business Investor Alliance (SBIA), the association for private equity funds investing in American small businesses, is pleased to express strong support for legislation introduced by U.S. Rep. Chrissy Houlahan (D-PA). The “Micro-SBIC and Emerging Managers Program Act of 2021” (H.R. 5225) is standalone legislation that closely mirrors SBIC program language included in the House Small Business Committee budget reconciliation draft that passed out of the committee last week. H.R. 5225 reinforces the need to expand access to capital for small businesses by authorizing the licensing of a smaller fund within the parameters of the current Small Business Investment Company (SBIC) program. A Micro-SBIC license would deliver a powerful addition to the SBIC program and provide greater capital access to small businesses, especially those in underserved areas.
SBIA has long been a proponent of market-driven solutions to capital access and inclusivity. Expanding the program this way increases capital access to underserved places and people, with strong taxpayer protections.
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.