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Bill113th CongressFiled Mar 11, 2013Commerce
S. 511

EXCEL Act

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What it doesSummary reported to senate with amendment(s) (Sep 10, 2013)

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.

What just happenedSep 10, 2013

Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.

Who’s behind it

Sen. Landrieu, Mary L. [D-LA](D-LA)Sponsor
3 cosponsors2 D1 R
Read on Congress.gov
3cosponsors1committees9actions9subjects
  • Reported to SenateSep 10, 2013
  • Introduced in SenateMar 11, 2013
  1. Sep 10, 2013Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.

  2. Sep 10, 2013Committee

    Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-90.

  3. Sep 10, 2013Committee14000

    Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-90.

  4. Jun 17, 2013Committee

    Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.

  5. Jun 13, 2013Committee

    Committee on Small Business and Entrepreneurship. Committee consideration and Mark Up Session held.

  6. Mar 14, 2013Committee

    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 113-309.

  7. Mar 11, 2013IntroReferral

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

  8. Mar 11, 2013IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S1594)

  9. Mar 11, 2013IntroReferral10000

    Introduced in Senate

Reported to Senate with amendment(s)Sep 10, 20131

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.

Introduced in SenateMar 11, 2013

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 the maximum amount of outstanding leverage for two or more commonly-controlled SBICs. Authorizes annual inflationary adjustments of such limits.

Directs the Administrator to make publicly available on the SBA website specified fiscal and related information with respect to each SBIC.

Allows SBIC licensing fees to be used by the SBA for SBIC program needs other than the costs of licensing examinations.

Expresses the sense of Congress that SBICs would benefit from partnerships with community banks and other lenders, and that the Administrator should: (1) increase outreach to such banks and lenders for investment in SBICs; (2) use the Internet to publicize which SBICs are soliciting and making investments in small businesses; (3) partner with governors, mayors, states, and municipalities to increase outreach by SBICs to underserved and rural areas; and (4) revise and update the SBIC program webpage to make it more prominent and user-friendly.

EXCEL Act — Informed