New dollar figures for a single licensed company
What the document says“(B) by amending clause (ii) to read as follows: "(ii)(I) with respect to such a company that makes quarterly or semiannual interest payments $250,000,000; or "(II) $175,000,000 with respect to any other company licensed under section 301(c)."”
Rewrites clause (ii) of section 303(b)(2)(A) of the Small Business Investment Act of 1958. As rewritten, the clause names $250,000,000 with respect to a company that makes quarterly or semiannual interest payments, and $175,000,000 with respect to any other company licensed under section 301(c). What the figures govern is set by the amended statute, which is not indexed here.
What the document actually says“(B) by amending clause (ii) to read as follows: "(ii)(I) with respect to such a company that makes quarterly or semiannual interest payments $250,000,000; or "(II) $175,000,000 with respect to any other company licensed under section 301(c)."”
A firm may pay interest each quarter. Or it may pay twice a year. That firm has a figure of 250 million dollars. Any other firm with a license has 175 million dollars.
These figures sit in a 1958 law. That law is not on this site. So what the figures cover is not shown here. This part only puts the new words in.
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.