,,ii  #aaeth ,,congress  #ast ,session  
,s4 #aiie  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #bd1  
#bjag ,mr4 ,rubio introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,small   
,business and ,entrepreneurship  ,a     
,,bill  ,to amend the ,small ,business  
,investment ,act of #aieh to improve the
 number of small business investment    
companies in underlicensed ,states1 and 
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,spurring
 ,business in ,communities ,act of      
#bjag4  #b4 ,improving the number of    
small business investment companies in  
underlicensed ,states ,the ,small       
,business ,investment ,act of #aieh 7#ae
 ,u4,s4,c4 #ffa et seq47 is amended--   
7#a7 in section #ajc 7#ae ,u4,s4,c4     
#ffb7--  7,a7 in paragraph 7#ah77;,e71  
by striking and at the end2  7,b7 in    
paragraph 7#ai71 by striking the period 
at the end and inserting 2 and2 and     
7,c7 by adding at the end the following3

  7#bj7 the term underlicensed ,state   
means a ,state in which the number of   
licensees per capita is less than the   
median number of licensees per capita   
for all ,states1 as calculated by the   
,administrator4  2  7#b7 in section     
#cja7;c7 7#ae ,u4,s4,c4 #fha7;c77-- 7,a7
 in paragraph 7#c7--  7i7 in            
subparagraph 7,b77iii71 by striking and 
at the end2  7ii7 in subparagraph 7,c71 
by striking the period at the end and   
inserting 2 and2 and  7iii7 by adding at
 the end the following3  7,d7 shall give
 first priority to an applicant that is 
located in an underlicensed ,state with 
below median financing1 as determined by
 the ,administrator4  2 and  7,b7 in    
paragraph 7#d77;,b7-- 7i7 by striking   
clause 7i72  7ii7 by redesignating      
clauses 7ii7 and 7iii7 as clauses 7i7   
and 7ii71 respectively2 and  7iii7 by   
amending clause 7i71 as so redesignated1
 to read as follows3  7i7 is located in 
a ,state that-- 7,i7 is not served by a 
licensee2 or  7,,ii7 is an underlicensed

 ,state2 and  2 and  7#c7 in section    
#cjh7;g7 7#ae ,u4,s4,c4 #fhg7;g77--     
7,a7 in paragraph 7#b7-- 7i7 in         
subparagraph 7,b71 by inserting and     
licensing after financing2  7ii7 by     
redesignating subparagraphs 7,c7 through
 7,j7 as subparagraphs 7,e71 through    
7,l71 respectively2 and  7iii7 by       
inserting after subparagraph 7,b7 the   
following3  7,c7 ,the steps the         
,administration has taken to improve the
 number of licensees in underlicensed   
,states4  7,d7 ,the ,administration's   
plans to support ,states that seek to   
increase the number of licensees in the 
,state4  2 and  7,b7 in paragraph 7#c7--
 7i7 in subparagraph 7,c71 by striking  
and at the end2  7ii7 in subparagraph   
7,d71 by striking the period at the end 
and inserting 2 and2 and  7iii7 by      
adding at the end the following3  7,e7  
the geographic dispersion of licensees  
in each ,state compared to the          
population of the ,state1 identifying   
underlicensed ,states4  4