Small Business Investment Corrections Act of 2000

Summary

Small Business Investment Corrections Act of 2000 - Amends the Small Business Investment Act of 1958 to: (1) state that certain venture investment in a small business shall not cause such business to be considered not independently owned and operated, regardless of the allocation of control during the investment period; and (2) define as long term, when used in connection with equity capital or loan funds invested in any small business or smaller enterprise, any period of one year or more. Revises the subsidy fee charged in connection with debentures purchased by the Small Business Administration (SBA) to guarantee loans to participating small businesses from a flat one percent to a charge, established annually by the SBA Administrator, of not more than one percent as necessary to reduce to zero the cost of purchasing and guaranteeing such debentures. Makes an identical revision with respect to the fee charged for securities issued by participating companies for small business loans guaranteed by the SBA. Authorizes small businesses which are limited partnerships or subchapter S corporations to make quarterly distributions at any time during a calendar quarter (currently, only at the end of a calendar quarter).

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Documents

10 official files

• Referred in Senate (text)

  Referred in Senate · EN · 20 March 2000

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• Referred in Senate (PDF)

  Referred in Senate · EN · 20 March 2000

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• Reported in House (text)

  Reported in House · EN · 14 March 2000

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• Reported in House (PDF)

  Reported in House · EN · 14 March 2000

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• Engrossed in House (text)

  Engrossed in House · EN · 14 March 2000

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• Engrossed in House (PDF)

  Engrossed in House · EN · 14 March 2000

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• Passed House amended

  summary · EN · 14 March 2000

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• Introduced in House (text)

  Introduced in House · EN · 8 March 2000

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• Introduced in House (PDF)

  Introduced in House · EN · 8 March 2000

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• Introduced in House

  summary · EN · 8 March 2000

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