Road to The Floor
How it worksIntroduced
In Committee
On The Floor
Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill changes rules for Small Business Investment Companies, which are organizations that get money from the Small Business Administration to invest in small businesses. The bill reduces how much financing these companies can get compared to their private money from 300% to 200%. It increases the maximum financing available to related companies from $350 million to $450 million if they make regular interest payments. The bill also allows these companies to not count certain investments toward their financing limits, including investments in rural areas, specific technology types, or small manufacturers. It expands what counts as private capital to include money from certain government-sponsored organizations and college or university trust funds.
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