To amend the Small Business Investment Act of 1958 and the Small Business Act to include small business investment companies in the Small Business Innovation Research Program and the Small Business Technology Transfer Program, and for other purposes.
About This Bill
Committee
Latest Action · May 17, 2017
Referred to the House Committee on Small Business.
This bill amends the Small Business Investment Act of 1958 to require the Small Business Administration (SBA), when calculating the outstanding leverage of a small business investment company (SBIC), to exclude investments made in Small Business Innovation Research (SBIR) participants and Small Business Technology Transfer (STTR) participants. (SBICs are subject to a limit on their outstanding leverage. SBIR and STTR participants are small business concerns that receive SBA contracts or grants for research and development.)
The Small Business Act is amended to include SBICs as a type of investor (along with venture capital, hedge fund, and private equity firms) whose investment must be considered for various purposes under the SBIR and STTR programs.
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