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.
Latest action · Feb 28, 2012 Read twice and referred to the Committee on Small Business and Entrepreneurship.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 28, 2012
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Feb 28, 2012.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-ME | Olympia J. Snowe | Original | Feb 28, 2012 |
Actions 2
Everything that happened, newest first.
- Feb 28, 2012Introduced in Senate
- Feb 28, 2012Read twice and referred to the Committee on Small Business and Entrepreneurship.
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Feb 28, 2012Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.