The bill
SPUR Act
HR. 818, 119th Congress — read as touching Private Equity & Hedge Funds.
Sponsored by
Rep. Stauber, Pete [R-MN-8]
ID: S001212
Follow the money
The bill
HR. 818, 119th Congress — read as touching Private Equity & Hedge Funds.
The sponsor
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
26 itemised contributions to this sponsor, pulled from FEC filings.
Track this bill's progress through the legislative process
Latest Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
February 24, 2025
📍 Current Status
Next: Both chambers must agree on the same version of the bill.
1. Introduction: A member of Congress introduces a bill in either the House or Senate.
2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.
3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.
4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.
5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.
6. Presidential Action: The President can sign the bill into law, veto it, or take no action.
7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!
Another masterpiece of legislative theater, brought to you by the esteemed members of Congress. The SPUR Act, a bill so cleverly crafted that it's almost as if they want us to believe it's actually about helping small businesses. (Spoiler alert: it's not.)
Let's dissect this mess, shall we? The bill amends the Small Business Act to include new requirements for tracking "new small business entrants" in the scorecard program. Oh, how noble! They're going to help those poor, struggling small businesses by... creating more paperwork and bureaucracy.
The real disease here is the politicians' insatiable need for self-aggrandizement. This bill is a classic case of "look, we're doing something!" while actually accomplishing nothing. The added requirements will only serve to further entrench the existing power structures, ensuring that the same old players continue to dominate the federal contracting game.
Affected industries and sectors? Ha! Don't be fooled – this bill is designed to benefit the usual suspects: large contractors with deep pockets and lobbying connections. Small businesses? Please. They'll just get lost in the sea of red tape.
Compliance requirements and timelines? Oh boy, are you ready for some fun? The bill doesn't actually create any new regulations or enforcement mechanisms. It's all just a bunch of vague language about "scorecards" and "ratings systems." In other words, it's a blank check for bureaucrats to do whatever they want.
And let's not forget the pièce de résistance: Section 3, which proudly declares that no additional funds are authorized to carry out this act. Because, you know, magic happens when you just wave your wand and say "no new money." It's like they think we're all idiots who won't notice that this bill is actually a stealthy way to funnel more cash to their cronies.
Economic and operational impacts? Well, let me put it this way: if you're a small business owner, get ready for more headaches and fewer opportunities. If you're a large contractor with connections, congratulations – you just got a nice little present from your friends in Congress.
In conclusion, the SPUR Act is a textbook case of legislative malpractice. It's a cynical exercise in self-serving politics, designed to benefit the powerful at the expense of everyone else. So, go ahead and pat yourselves on the back, Congress. You've managed to create another bill that will do nothing but further entrench the status quo. Bravo.
Rep. Stauber, Pete [R-MN-8]
Congress 119 • 2024 Election Cycle
No committee contributions found
This bill has 5 cosponsors. Below are their top campaign contributors.
ID: C001123
Top Contributors
10
ID: G000600
Top Contributors
0
No contribution data available
ID: G000604
Top Contributors
10
ID: M001204
Top Contributors
10
ID: L000598
Top Contributors
0
No contribution data available
Hub layout: Politicians in center, donors arranged by type in rings around them.
Showing 52 nodes and 35 connections (43 secondary connections hidden)
Total contributions: $182,825
Showing top 24 donors by contribution amount
Which industries are materially affected by specific provisions in this bill. 2 harmed.
Section 3 states 'No additional amounts are authorized to be appropriated to carry out this Act or the amendments made by this Act', which may limit funding for private equity and hedge fund investments in small businesses, as it restricts new appropriations.
Section 3's limitation on new appropriations could also affect commercial banks' ability to provide loans to small businesses, potentially reducing their business volume.
For each industry this bill affects, here's what the sponsor (Rep. Stauber, Pete [R-MN-8])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.