Small Business Investment Opportunity Act of 2016

Bill: 114-hr-5968
Sponsor: full_name: Rep. Knight, Stephen [R-CA-25]
Introduced: 2016-09-08
Policy area: Commerce
Subjects: Business investment and capital

Government lending and loan guarantees

Small business
Latest action: action_date: 2016-09-08
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2016-09-08
action_desc: Introduced in House
text: <p><b>Small Business Investment Opportunity Act of 2016</b></p> <p>This bill amends the Small Business Investment Act of 1958 to increase the maximum amount of outstanding leverage (i.e., borrowing power) made available to any licensed small business investment company (SBIC) from $150 million to $170 million.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5968 IN THE HOUSE OF REPRESENTATIVES September 8, 2016 Mr. Knight (for himself, Ms. Meng , and Mr. Curbelo of Florida ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Investment Act of 1958 to increase the amount of leverage made available to small business investment companies.

1. Short title This Act may be cited as the Small Business Investment Opportunity Act of 2016 . 2. Individual sbic leverage limit increase Section 303(b)(2)(A)(ii) of the Small Business Investment Act of 1958 ( 15 U.S.C. 682(b)(2)(A)(ii) ) is amended by striking $150,000,000 and inserting $170,000,000 .