Small Business Investment Improvement Act of 1999

Summary

Small Business Investment Improvement Act of 1999 - Amends the Small Business Investment Act of 1958 to: (1) define "interest" for purposes of small business loans granted under the Small Business Investment Company (SBIC) program; and (2) increase the FY 1999 and 2000 funding levels for such program. Provides for the determination of an eligible small business or smaller enterprise that is not required to pay Federal income tax at the corporate level but that is required to pass income through to its shareholders or partners by using a specified formula to compute its after-tax income. Requires the Small Business Administration to issue SBIC guarantees and trust certificates at periodic intervals of not less than every 12 (currently, six) months.

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Documents

5 official files

• Reported to Senate (text)

  Reported to Senate · EN · 2 March 1999

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• Reported to Senate (PDF)

  Reported to Senate · EN · 2 March 1999

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• Introduced in Senate (text)

  Introduced in Senate · EN · 3 February 1999

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 February 1999

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• Introduced in Senate

  summary · EN · 3 February 1999

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