S.Amdt. 1898
What it does: Adds SEC. __. PROGRAMS OF THE SMALL BUSINESS ADMINISTRATION wherever appropriate
Sen. Olympia J. Snowe (R-ME)What it changes
1 change to H.R. 3606
Adds SEC. __. PROGRAMS OF THE SMALL BUSINESS ADMINISTRATION wherever appropriate
Adds a sectionInserted: SEC. __. PROGRAMS OF THE SMALL BUSINESS ADMINISTRATION.
Inserted: (a) Authorization.--For fiscal year 2013, the Administrator may make $4,000,000,000 in guarantees of debentures for programs under title III of the Small Business Investment Act of 1958 (15 U.S.C. 681 et seq.).
Inserted: (b) Family of Funds.--Section 303(b)(2)(B) of the Small Business Investment Act of 1958 (15 U.S.C. 683(b)(2)(B)) is amended by striking "$225,000,000" and inserting "$350,000,000".
Inserted: (c) Low-interest Refinancing Under the Local Development Business Loan Program.--Section 1122(b) of the Small Business Jobs Act of 2010 (15 U.S.C. 696 note) is amended by striking "2 years" and inserting "3 years".
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 1898. Ms. SNOWE (for herself and Ms. Landrieu) submitted an amendment intended to be proposed by her to the bill H.R. 3606, to increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. PROGRAMS OF THE SMALL BUSINESS ADMINISTRATION.
(a) Authorization.--For fiscal year 2013, the Administrator may make $4,000,000,000 in guarantees of debentures for programs under title III of the Small Business Investment Act of 1958 (15 U.S.C. 681 et seq.).
(b) Family of Funds.--Section 303(b)(2)(B) of the Small Business Investment Act of 1958 (15 U.S.C. 683(b)(2)(B)) is amended by striking “$225,000,000” and inserting “$350,000,000”.
(c) Low-interest Refinancing Under the Local Development Business Loan Program.--Section 1122(b) of the Small Business Jobs Act of 2010 (15 U.S.C. 696 note) is amended by striking “2 years” and inserting “3 years”.
Legislative Activity
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Senate amendment submitted
March 19, 2012