Small Business Investment Opportunity Act of 2018

Bill: 115-s-2527
Sponsor: full_name: Sen. Cardin, Benjamin L. [D-MD]
Introduced: 2018-03-08
Policy area: Commerce
Subjects: Business investment and capital

Government lending and loan guarantees

Small business
Latest action: action_date: 2018-06-07
text: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-272.

Summaries:
action_date: 2018-03-08
action_desc: Introduced in Senate
text: <p><b>Small Business Investment Opportunity Act of 2018</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 from $150 million to $175 million.</p>

action_date: 2018-03-19
action_desc: Reported to Senate without amendment
text: <p><b>Small Business Investment Opportunity Act of 2018</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 from $150 million to $175 million.</p>

tv_txt: II 115th CONGRESS 2d Session S. 2527 IN THE SENATE OF THE UNITED STATES March 8, 2018 Mr. Cardin (for himself, Mr. Risch , and Mr. Kennedy ) 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 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 2018 . 2. Individual SBIC leverage limit increase Section 303(b)(2)(A)(ii) of the Small Business Investment Act of 1958 ( 15 U.S.C. 683(b)(2)(A)(ii) ) is amended by striking $150,000,000 and inserting $175,000,000 .

tv_txt: II Calendar No. 353 115th CONGRESS 2d Session S. 2527 IN THE SENATE OF THE UNITED STATES March 8, 2018 Mr. Cardin (for himself, Mr. Risch , and Mr. Kennedy ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship March 19, 2018 Reported by Mr. Risch , without amendment 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 2018 . 2. Individual SBIC leverage limit increase Section 303(b)(2)(A)(ii) of the Small Business Investment Act of 1958 ( 15 U.S.C. 683(b)(2)(A)(ii) ) is amended by striking $150,000,000 and inserting $175,000,000 .

March 19, 2018 Reported without amendment