SBIC Advisory Committee Act of 2022

The SBIC Advisory Committee Act of 2022 directs the Small Business Administration (SBA) to form a specialized committee focused on improving access to capital for underserved entrepreneurs. This committee is tasked with finding ways to increase investment in small businesses located in rural areas and low-income communities, as well as those owned by women, veterans, and socially or economically disadvantaged individuals. For everyday citizens, this bill aims to create more equitable economic opportunities by ensuring that federal small business investment programs reach a broader and more diverse range of local business owners across the country.