United States 118th Congress Status: In Committee 1 R cosponsors

S 46 — American Innovation and Manufacturing Act

Last action — Read twice and referred to the Committee on Small Business and Entrepreneurship.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

American Innovation and Manufacturing Act This bill establishes within the Small Business Administration a credit facility to provide financial assistance to investment companies that finance small manufacturing businesses.

Bill Text

How this bill changes current law

5 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill increases the minimum private capital requirement for small business investment companies and establishes a new facility for equity financing of eligible small businesses.

  • 15 U.S.C. 682(a)

    $10,000,000, with respect to each licensee authorized or seeking authority to issue participating securities to be purchased or guaranteed by the Administration under this chapter. → $20,000,000, adjusted every 5 years for inflation, with respect to each licensee authorized or seeking authority to sell bonds to the Administration as a participating investment company under section 321.

    The bill raises the minimum private capital requirement for certain small business investment companies from $10 million to $20 million, with adjustments for inflation.

  • SEC. 321. SMALL BUSINESS AND DOMESTIC PRODUCTION RECOVERY INVESTMENT FACILITY.

    The bill establishes a new section creating the Small Business and Domestic Production Recovery Investment Facility to provide financial assistance to small business investment companies that invest in eligible small businesses.

  • (1) Eligible small business concern.--The term `eligible small business concern' means a small business concern that is a manufacturing business that is assigned a North American Industry Classification System code beginning with 31, 32, or 33 at the time at which the small business concern receives an investment from a participating investment company under the facility.

    Defines 'eligible small business concern' as a manufacturing business based on specific NAICS codes for participation in the new investment facility.

  • (A) A business plan describing how the applicant intends to make successful equity investments in eligible small business concerns.

    Requires applicants to provide a business plan describing their strategy for investing in eligible small business concerns.

  • The Administrator shall establish and carry out a facility to increase resiliency in the manufacturing supply chain of eligible small business concerns by providing financial assistance to participating investment companies that facilitate equity financings to eligible small business concerns in accordance with this section.

    Establishes the objective of the new facility, which is to enhance the manufacturing supply chain resilience of eligible small business concerns through financial assistance.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

labor technology energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 46 do?
American Innovation and Manufacturing Act This bill establishes within the Small Business Administration a credit facility to provide financial assistance to investment companies that finance small manufacturing businesses.
Who sponsors S 46?
S 46 is sponsored by Rubio, Marco (Republican).
What is the current status of S 46?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 46?
Track S 46 free on One Click Politics — get push/email alerts when it moves.

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