Small Business Investment Company Modernization Act of 2013

Bill: 113-s-550
Sponsor: full_name: Sen. Risch, James E. [R-ID]
Introduced: 2013-03-13
Policy area: Commerce
Subjects: Business investment and capital

Government lending and loan guarantees

Small business
Latest action: action_date: 2013-03-14
text: Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 113-309.

Summaries:
action_date: 2013-03-13
action_desc: Introduced in Senate
text: <p>Small Business Investment Company Modernization Act of 2013 - Amends the Small Business Investment Act of 1958 to increase from $225 million to $350 million the maximum amount of outstanding leverage to be made available by the Small Business Administration (SBA) to two or more commonly controlled small business investment companies not under capital impairment.</p>

tv_txt: II 113th CONGRESS 1st Session S. 550 IN THE SENATE OF THE UNITED STATES March 13, 2013 Mr. Risch introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To amend the Small Business Investment Act of 1958 to provide for increased limitations on leverage for multiple licenses under common control, and for other purposes.

1. Short title This Act may be cited as the Small Business Investment Company Modernization Act of 2013 . 2. In general Section 303(b)(2)(B) of the Small Business Investment Act of 1958 ( 15 U.S.C. 683(b)(2)(B) ) is amended by striking $225,000,000 and inserting $350,000,000 .