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SBIC Capital Infusion Act of 2020

USA116th CongressHR-6342| House 
| Updated: 3/23/2020
Sharice Davids

Sharice Davids

Democratic Representative

Kansas

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
SBIC Capital Infusion Act of 2020 This bill provides economic assistance to small businesses affected by COVID-19 (i.e., coronavirus disease 2019), and it reestablishes the New Markets Venture Capital Program. Specifically, the bill provides additional leverage for small business investment companies (SBICs) by requiring the Small Business Administration (SBA), when calculating the maximum amount of outstanding leverage made available to SBICs, to exclude a certain amount of outstanding leverage to small businesses affected by COVID-19. Any excluded amounts must be used solely for working capital purposes. The bill also reestablishes the New Markets Venture Capital Program, through which the SBA, in partnership with investment companies, encourages developmental venture capital investment in small businesses located in low-income areas.
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Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Small Business.
  • March 23, 2020
    Introduced in House


  • March 23, 2020
    Referred to the House Committee on Small Business.

Commerce

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6312: COVID–19 Relief for Small Businesses Act of 2020
Business investment and capitalCardiovascular and respiratory healthEmergency medical services and trauma careInfectious and parasitic diseasesSmall business

SBIC Capital Infusion Act of 2020

USA116th CongressHR-6342| House 
| Updated: 3/23/2020
SBIC Capital Infusion Act of 2020 This bill provides economic assistance to small businesses affected by COVID-19 (i.e., coronavirus disease 2019), and it reestablishes the New Markets Venture Capital Program. Specifically, the bill provides additional leverage for small business investment companies (SBICs) by requiring the Small Business Administration (SBA), when calculating the maximum amount of outstanding leverage made available to SBICs, to exclude a certain amount of outstanding leverage to small businesses affected by COVID-19. Any excluded amounts must be used solely for working capital purposes. The bill also reestablishes the New Markets Venture Capital Program, through which the SBA, in partnership with investment companies, encourages developmental venture capital investment in small businesses located in low-income areas.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Small Business.
  • March 23, 2020
    Introduced in House


  • March 23, 2020
    Referred to the House Committee on Small Business.
Sharice Davids

Sharice Davids

Democratic Representative

Kansas

Small Business Committee

Commerce

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6312: COVID–19 Relief for Small Businesses Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalCardiovascular and respiratory healthEmergency medical services and trauma careInfectious and parasitic diseasesSmall business