SBIC Capital Infusion Act of 2020

Summary

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

1. 23 March 2020

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 23 March 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 March 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 March 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 March 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 March 2020

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 23 March 2020

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Davids, Sharice [D-KS-3] · D · Sponsor
• · hssm00 · Standing

Related records

• related to → COVID–19 Relief for Small Businesses Act of 2020
• related to → Workforce Emergency Response Act of 2020