S 2136 · 112th Congress · Commerce

A bill to increase the maximum amount of leverage permitted under title III of the Small Business Investment Act of 1958, and for other purposes.

Introduced 2012-02-28· Sponsored by Sen. Landrieu, Mary L. [D-LA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Small Business and Entrepreneurship.(2012-02-28)

Plain Language Summary

[AI summary unavailable — showing source text] Authorizes the Administrator of the Small Business Administration (SBA) to make $4 billion in guarantees of debentures of small business investment companies (SBICs) for programs under title III of the Small Business Investment Act of 1958 (the Act). Amends the Act to increase from $225 million to $350 million the maximum amount of outstanding leverage to be made available by the SBA to two or more commonly-controlled SBICs.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Snowe, Olympia J. [R-ME]ME