To amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes.
Sponsors
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Small …
Additional sponsors: Mr. Davis of North Carolina, Mr. Alford, Mrs. …
Reported with an amendment, committed to the Committee of the …
Mr. Meuser (for himself and Ms. Scholten) introduced the following …
Summary
What This Bill Does
Modifies Small Business Investment Company rules to exclude certain government funds from leverage limits and expand benefits for investments in low-income and rural areas.
Who Benefits and How
- Small businesses in underserved areas gain access to more SBIC capital
- SBICs can leverage more for low-income and rural investments
- Rural and critical technology companies receive expanded funding
Who Bears the Burden and How
- SBA administers modified leverage rules
- Government-backed SBICs face restrictions on leverage calculation
Key Provisions
- Excludes certain government funds from leverage limits
- Expands geographic focus to include rural areas
- Adds critical technology areas to enhanced leverage
- Modifies leverage ratio from 300% to 200% for certain calculations
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Expands SBIC leverage exceptions for investments in low-income and rural areas
Policy Domains
Legislative Strategy
"Direct more investment capital to underserved areas through SBIC incentives"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → SBA Administrator
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology