Introduced by Sen. Darwin Booher (R) on May 1, 2012 To revise details of the authorization of a Business and Industrial Development Corporation (BIDCO), which is a private entity used by government economic development programs to distribute various corporate subsidies. Official Text and Analysis.
Referred to the Senate Banking and Financial Institutions Committee on May 1, 2012
Reported in the Senate on May 22, 2012 With the recommendation that the bill pass.
Amendment offered in the Senate on May 30, 2012 To establish that a "BIDCO" must be in the business of funnelling state or private money into firms with less than 750 employees.
The amendment passed by voice vote in the Senate on May 30, 2012