Only investments made after enactment may be left out
What the document says“"(iii) Prospective applicability.--An investment by a licensee is eligible for exclusion from the calculation of outstanding leverage under clause (i) only if such investment is made by such licensee after the date of enactment of this clause."”
Rewrites clause (iii) of section 303(b)(2)(C) of the Small Business Investment Act of 1958. As rewritten, an investment by a licensee is eligible for exclusion under clause (i) only if the licensee makes it after the date this clause is enacted. The clause is enacted by this Act, which was approved on May 19, 2026.
What the document actually says“"(iii) Prospective applicability.--An investment by a licensee is eligible for exclusion from the calculation of outstanding leverage under clause (i) only if such investment is made by such licensee after the date of enactment of this clause."”
An older deal does not count. Only money put in after this clause becomes law may be left out.
This Act was approved on May 19, 2026. Deals made before that day do not get the break. The rule looks forward, not back.
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.