Small Business Investment Incentive Act of 1999

Summary

Small Business Investment Incentive Act of 1999 - Amends the Investment Company Act of 1940 to exempt from securities registration requirements any company that is not in the business of issuing redeemable securities, the operations of which are subject to regulation by the Small Business Administration (SBA) as a small business investment company (SBIC) if: (1) the company's activities are limited to providing financial and business advice to small business concerns as an SBIC licensed by the SBA; (2) the company's securities are sold only to accredited investors, the SBA, or such other persons that the Securities and Exchange Commission (SEC) may permit; and (3) the company does not purchase any security issued by an investment company or by any company that would be an investment company except for specified exclusions, with certain exceptions. Requires companies proposing to be so exempted to notify the SEC of such intent.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 November 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 9 November 1999

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• Introduced in House

  summary · EN · 9 November 1999

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