A cap on how much may be left out
What the document says“"(ii) Limitation.--While maintaining the limitation of subparagraph (A)(i) and consistent with a leverage determination ratio issued pursuant to section 301(c), the aggregate amount excluded for a company or companies under clause (i) from the calculation of the outstanding leverage such company or companies for the purposes of subparagraphs (A) and (B) may not exceed the lesser of 50 percent of the private capital of such company or companies or $125,000,000."”
Rewrites clause (ii) of section 303(b)(2)(C) of the Small Business Investment Act of 1958 as a limitation. As rewritten, the aggregate amount excluded for a company or companies under clause (i) may not exceed the lesser of 50 percent of their private capital or $125,000,000, while the limitation of subparagraph (A)(i) is maintained and consistent with a leverage determination ratio issued pursuant to section 301(c).
What the document actually says“"(ii) Limitation.--While maintaining the limitation of subparagraph (A)(i) and consistent with a leverage determination ratio issued pursuant to section 301(c), the aggregate amount excluded for a company or companies under clause (i) from the calculation of the outstanding leverage such company or companies for the purposes of subparagraphs (A) and (B) may not exceed the lesser of 50 percent of the private capital of such company or companies or $125,000,000."”
There is a cap on what may be left out. It is half of the firm's own private money. Or it is 125 million dollars. The lower of the two is the cap.
The cap covers one firm or a group of linked firms. The other limits in the law still hold. A ratio set under another part of that law applies as well.
The inserted words read "the outstanding leverage such company or companies", with no preposition between "leverage" and "such". The site quotes the clause as printed and does not supply a reading of it.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.