S.Amdt. 4610

SA 4610. Mr. THUNE submitted an amendment intended to be proposed to
amendment SA 4594 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 in 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:

At the end of the amendment, insert the following:

[[Page S7046]]

SEC. __. CREDIT REFORM ACT TREATMENT OF THE PURCHASE OF
PRIVATE STOCK, EQUITY, OR CAPITAL.

Section 502(5) of the Federal Credit Reform Act of 1990 (2
U.S.C. 661a(5) is amended by inserting at the end the
following:
``(G)(i) The cost of the purchase of stock, equity, or
capital in a private or publicly-traded company shall be
determined on a fair market value basis.
``(ii) For purposes of this subparagraph, the term `fair
market value' means present value of future expected cash
flows using a discount rate that incorporates market risk.''.
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