A bill to amend the Small Business Investment Act of 1958, to change the title and duties of the Associate Administrator for Finance and Investment of the Small Business Administration.

[AI summary unavailable — showing source text] Amends the Small Business Investment Act to change the title of the Associate Administrator for Finance and Investment of the Small Business Administration to that of Associate Administrator for Investment. Sets forth the powers of such office including the purchase of preferred securities of any incorporated small business investment company and the purchase of guarantees of all principal and interest payments as scheduled on debentures issued by any small business investment company. Specifies conditions which must be fulfilled before such powers may be exercised.…