HR 12666 · 95th Congress · Commerce

A bill to amend the Small Business Investment Act of 1958.

Introduced 1978-05-10· Sponsored by Rep. LaFalce, John J. [D-NY-36]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Small Business.(1978-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Defines "person" and "net worth" for purposes of the Small Business Investment Act of 1958. Adds the following title to the Small Business Investment Act of 1958: Title VI: Equity Investments in Small Business. Permits any person to provide equity capital to small business concerns in amounts aggregating to not more than five percent of such person's net worth. Repeals the provision of the Small Business Act which authorizes grants for studies, research, and counseling concerning the operation of small business enterprises.…

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