S.Amdt. 4442

SA 4442. Mr. BURRIS submitted an amendment intended to be proposed to amendment SA 4402 proposed by Mr. Reid (for Mr. Baucus (for himself, Ms. Landrieu, and Mr. Reid)) to the bill H.R. 5297, to create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions to order to increase the availability of credit for small businesses, to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, and for other purposes; which was ordered to lie on the table; as follows:

On page 113, between lines 17 and 18, insert the following:

SEC. 1348. NET WORTH THRESHOLD.

Section 8(a)(6) of the Small Business Act (15 U.S.C. 637(a)(6)) is amended by adding at the end the following:

“(F)(i) Subject to clause (ii), the Administrator may not establish the maximum net worth for participation in the program under this subsection in an amount less than $2,500,000.

“(ii) The amount under clause (i) shall be periodically adjusted by the Administrator to account for inflation.”. F_____