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

[AI summary unavailable — showing source text] Amends the Small Business Act of 1958 to authorize the Small Business Administration to purchase development investments (nonvoting equity interests) in small businesses which are engaged in high growth industries and to finance such small businesses in a manner commensurate with preserving or creating substantial job opportunities. Requires such small businesses to be located in areas of high unemployment or owned by socially and economically disadvantaged individuals. Limits such financial assistance to qualified small business concerns as determined by the Development Investment Committee. Lists determinations the Committee must ascertain in order to qualify a small business concern with respect to any financial assistance including, but not limited to, the maintenance of at least one full-time job for each $15,000 of such assistance received. Stipulates that the amount of development investments purchased by the Administration and outstanding at any one time from any qualified small business concern (including its affiliates) shall not exceed $2,000,000. Defines terms for purposes of this Act. Establishes in the Small Business Administration the Development Investment Committee…