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I
116TH CONGRESS
2D SESSION
H. R. 6342
To amend the Small Business Investment Act of 1958 to provide additional
assistance for small businesses affected by the COVID–19 outbreak,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 23, 2020
Ms. DAVIDS of Kansas introduced the following bill; which was referred to the
Committee on Small Business
A BILL
To amend the Small Business Investment Act of 1958 to
provide additional assistance for small businesses af-
fected by the COVID–19 outbreak, and for other pur-
poses.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘SBIC Capital Infusion
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Act of 2020’’.
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•HR 6342 IH
SEC. 2. ADDITIONAL LEVERAGE FOR SMALL BUSINESSES
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AFFECTED BY THE COVID–19 OUTBREAK.
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(a) IN GENERAL.—Section 303(b)(2) of the Small
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Business Investment Act of 1958 (15 U.S.C. 683(b)(2))
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is amended by adding at the end the following:
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‘‘(E) ADDITIONAL LEVERAGE BASE ON IN-
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VESTMENT.—
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‘‘(i) EXCLUSION
OF
AMOUNTS.—In
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calculating the outstanding leverage of a
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company for purposes of subparagraph (A)
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or (B), the Administrator shall exclude the
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amount of leverage outstanding to covered
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small businesses, not to exceed an amount
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equal to $100,000,000, if the amount ex-
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cluded is used exclusively for working cap-
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ital purposes.
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‘‘(ii) COVERED SMALL BUSINESS DE-
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FINED.—In this subparagraph, the term
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‘covered small business’ means a small
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business concern is located in a State or
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United States territory with at least one
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confirmed or presumed positive case of
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COVID–19.’’.
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(b) APPLICATION.—Notwithstanding any other provi-
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sion of law, for purposes of additional leverage requested
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under subparagraph (E) of section 303(b)(2) of the Small
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•HR 6342 IH
Business Investment Act of 1958, as added by subsection
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(a), the Administrator shall approve or deny such request
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within 14 calendar days of receipt by the Administrator
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of the request.
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SEC. 3. NEW MARKETS VENTURE CAPITAL PROGRAM.
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Section 368(a) of the Small Business Investment Act
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of 1958 (15 U.S.C. 689q(a)) is amended—
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(1) by striking ‘‘fiscal years 2001 through
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2006’’ and inserting ‘‘fiscal years 2020 through
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2025’’;
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(2)
in
paragraph
(1),
by
striking
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‘‘$150,000,000’’ and inserting ‘‘$10,000,000,000’’;
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and
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(3)
in
paragraph
(2),
by
striking
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‘‘$30,000,000’’ and inserting ‘‘$2,000,000,000’’.
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Æ
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