VISIBLE Act

Senate Bill

S. 2212

119th Congress

VISIBLE Act

In Committee

Introduced:Jul 8, 2025

Primary Sponsor

Deb Fischer

Senator

Republican

NE

Cosponsors

0

Quick Stats

Policy Area

Commerce

Summary

The VISIBLE Act would require the Small Business Administration to establish an advisory committee to make recommendations for expanding the assistance provided through Small Business Investment Companies. The goal is to encourage these private investment firms to invest more in small businesses in low-income communities, rural areas, and those owned by disadvantaged individuals, veterans, and women.

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 171.

SponsorDeb Fischer (R-NE)

Introduced7/8/2025

StatusRead twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure:

ChamberSenate

Data from Congress.gov

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Vote Prediction

VISIBLE Act

The VISIBLE Act would require the Small Business Administration to establish an advisory committee to make recommendations for expanding the assistance provided through Small Business Investment Companies. The goal is to encourage these private investment firm

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The VISIBLE Act would require the Small Business Administration to establish an advisory committee to make recommendations for expanding the assistance provided through Small Business Investment Companies. The goal is to encourage these private investment firms to invest more in small businesses in low-income communities, rural areas, and those owned by disadvantaged individuals, veterans, and women.

Bill Number: 2212
Sponsor: Deb Fischer (R-NE)
Introduced: 7/8/2025
Status: Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure:
Policy Area: Commerce

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: VISIBLE Act
Bill Number: 2212
Sponsor: Deb Fischer (R-NE)
Status: Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure:
Introduced: 7/8/2025
Summary: The VISIBLE Act would require the Small Business Administration to establish an advisory committee to make recommendations for expanding the assistance provided through Small Business Investment Companies. The goal is to encourage these private investment firms to invest more in small businesses in

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The VISIBLE Act would require the Small Business Administration to establish an advisory committee to make recommendations for expanding the assistance provided through Small Business Investment Companies. The goal is to encourage these private investment firms to invest more in small businesses in low-income communities, rural areas, and those owned by disadvantaged individuals, veterans, and women.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

SBIC Advisory Committee Act of 2023 This bill requires the Small Business Administration (SBA) to establish an advisory committee to develop recommendations for expanding SBA assistance provided through Small Business Investment Companies (SBICs). SBICs are privately owned companies, licensed and regulated by the SBA, which invest in small businesses through debt and equity. Composed in part of representatives of and partners with small businesses in low-income communities and rural areas, the advisory committee must make recommendations for SBICs to invest in (1) underlicensed and underfinanced states; and (2) small businesses owned by socially or economically disadvantaged individuals, veterans, and women.

Key Points

Main provisions of the bill

Creates an SBA advisory committee to develop recommendations for increasing SBIC investments in underserved areas and underrepresented business owners
The committee would include representatives from small businesses in low-income and rural communities
Aims to direct more SBIC funding to small businesses owned by socially or economically disadvantaged individuals, veterans, and women

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill could result in more capital and investment flowing to small businesses in economically disadvantaged areas and those owned by underrepresented groups. This could help spur economic development and job creation in communities that have historically faced barriers to accessing financing.

Policy Areas

Primary Policy Area

Commerce

Related Subjects

Advisory bodies

Business investment and capital

Congressional oversight

Minority and disadvantaged businesses

Poverty and welfare assistance

Rural conditions and development

Small business

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2212, 119th Congress (2025). "VISIBLE Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2212

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