A figure in the leverage limit changes from 300 to 200
To amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes, section 2, Sec. 2.
Written by .
A figure in the leverage limit changes from 300 to 200
The document says “is amended”Who acts: CongressHow: statuteSec. 2 in the PDF
What the document says
“(1) in subparagraph (A)-- (A) in clause (i), by striking "300" and inserting "200"”
Amends clause (i) of section 303(b)(2)(A) of the Small Business Investment Act of 1958, codified at 15 U.S.C. 683(b)(2), by striking "300" and inserting "200". What the figure governs is set by the amended statute, which is not indexed here.
What the document actually says
“(1) in subparagraph (A)-- (A) in clause (i), by striking "300" and inserting "200"”
That sentence, in plain words
One number in an older law changes. The number 300 comes out. The number 200 goes in.
What this is about
The older law is not on this site. So what the number is for is not shown here. This part just swaps one number for a smaller one.
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.
The quotation is the document's own words, exactly as printed, and we check the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
