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Rubio Bill to Spur Small Business Investment Heads to President’s Desk

Dec 6, 2018 | Comunicados de Prensa

Washington, D.C. – U.S. Senators Marco Rubio (R-FL) and Tammy Baldwin (D-WI) today hailed the Senate passage of the Spurring Business in Communities Act, legislation that he introduced with U.S. Representative Cathy McMorris Rodgers (R-WA) to allow more Small Business Investment Companies (SBICs) to form and invest in Florida, Washington state, and other under-licensed states. The House passed the legislation on May 8, 2018, and it now heads to the president’s desk to be signed into law.
“This bill will help to keep and encourage more investment in Florida’s economy, instead of being shoe-horned into Wall Street and Silicon Valley,” said Rubio. “I’ll continue to fight for Florida’s economy, and I look forward to the president signing this important bill into law.”
“Small businesses are the engines of our Made in Wisconsin economy and if we increase the amount of startup funding in states like Wisconsin, we can create new jobs and grow our economy,” said Baldwin. “Wisconsin has lagged in business start-up activity and I have worked to change that. This legislation will help carry on Wisconsin’s proud history of entrepreneurship and innovation by providing more support to our small business start-ups, and I’m looking forward to the President signing this bill into law.”