District of Columbia Council Period 24 Status: Enacted

PR 24-0979 — State Small Business Credit Initiative Venture Capital Program Grant-Making Establishment Congressional Review Emergency Declaration Resolution of 2022

Last action — Retained by the Council

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Council
  4. ✓
    To Executive
  5. 5
    Enacted

This bill has been enacted into law. Introduced October 17, 2022. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

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Bill Text

What changed in the latest version

45 added · 56 removed

Plain-language change summary

The bill has been updated to clarify its purpose and streamline its language. It now explicitly states the need to create the State Small Business Credit Initiative Venture Capital Program and emphasizes granting authority to the Mayor to manage the funds effectively. This change is significant because it ensures that $62 million allocated for the District can be used to support local businesses that have had difficulty accessing capital, fostering economic growth in the community.

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______________________________ Councilmember Kenyan R.
ENROLLED ORIGINAL A RESOLUTION 24-642 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA October 18, 2022 To declare the existence of an emergency, due to congressional review, with respect to the need to establish the State Small Business Credit Initiative Venture Capital Program;
McDuffie 4 6 8 A PROPOSED RESOLUTION _______ IN THE COUNCIL OF THE DISTRICT OF COLUMBIA _______________ To declare the existence of an emergency, due to congressional review, with respect to the need to establish the State Small Business Credit Initiative Venture Capital Program;
The State Small Business Credit Initiative Venture Capital Program Grant-Making Establishment Temporary Amendment Act of 2022, passed on second reading on September 20, 2022 (Enrolled version of Bill 24-850), (“temporary legislation”) must complete the legislative process, including the 30-day review period required by section 602(c)(1) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat.
The State Small Business Credit Initiative Venture Capital Program Grant-Making Establishment Temporary Amendment Act of 2022, passed on second reading on September 20, 2022 (Enrolled version of Bill 24-850), (“temporary legislation”) must complete the legislative process, including the 30-day review period ENROLLED ORIGINAL required by section 602(c)(1) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat.
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Action History

  1. Retained by the Council

  2. Resolution R24-0642, Effective from Oct 18, 2022 Published in DC Register Vol 69 and Page 013199

  3. Approved with Resolution Number R24-0642

  4. Final Reading, CC

  5. PR24-0979 Introduced by Councilmember McDuffie at Office of the Secretary

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 14 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (14)

"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

Votes

Final Reading, CC

Passed 12 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 12001
Total 12001
% of votes cast 92%0%0%8%
How each member voted (13)
Member Party Vote
Anita Bonds — Yea
Brianne K. Nadeau — Yea
Brooke Pinto — Yea
Charles Allen — Yea
Christina Henderson — Yea
Elissa Silverman — Yea
Janeese Lewis George — Yea
Kenyan R. McDuffie — Yea
Mary Cheh — Yea
Phil Mendelson — Yea
Robert C. White, Jr. — Yea
Trayon White, Sr. — Yea
Vincent Gray — Not Voting

Subjects

finance labor
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

Who sponsors PR 24-0979?
PR 24-0979 is sponsored by Kenyan R. McDuffie.
What is the current status of PR 24-0979?
This bill has been enacted into law. Introduced October 17, 2022. Enacted.
Where can I track PR 24-0979?
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