S.Amdt. 2227

SA 2227. Mr. HARKIN submitted an amendment intended to be proposed to
amendment SA 1908 submitted by Mr. Kohl (for himself and Mr. Brownback)
to the bill H.R. 2997, making appropriations for Agriculture, Rural
Development, Food and Drug Administration, and Related Agencies
programs for the fiscal year ending September 30, 2010, and for other
purposes; which was ordered to lie on the table; as follows:

On page 85, between lines 16 and 17, insert the following:
Sec. 7__. (a) Section 384E of the Consolidated Farm and
Rural Development Act (7 U.S.C. 2009cc-4) is amended by
adding at the end the following:
``(e) Investment Limitations.--A rural business investment
company participating in the program established under this
subtitle may not issue debentures guaranteed by the Secretary
for any 1 company in an aggregate amount that is more than 10
percent of the sum of--
``(1) the regulatory capital of the rural business
investment company; and
``(2) the total amount of financial assistance provided to
the rural business investment company by the Secretary
through purchase or guarantee of the debentures of the rural
business investment company as of the date on which the
Secretary granted final approval to the rural business
investment company to participate in the program under this
subtitle.''.
(b) Section 384E(d) of the Consolidated Farm and Rural
Development Act (7 U.S.C. 2009cc-4(d)) is amended by striking
``Under'' and inserting ``Subject to subsection (e), under''.
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