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![handle is hein.congrecreports/crptxabmd0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
Calendar No. 353
115TH CONGRESS REPORT
2d Session JSENATE 1 115-272
SMALL BUSINESS INVESTMENT OPPORTUNITY ACT OF
2018
JUNE 7, 2018.-Ordered to be printed
Mr. RISCH, from the Committee on Small Business and
Entrepreneurship, submitted the following
REPORT
[To accompany S. 2527]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business and Entrepreneurship, having
considered the bill (S. 2527) to amend the Small Business Invest-
ment Act of 1958 to increase the amount of leverage made avail-
able to small business investment companies, having considered
the same, reports favorably thereon without amendment, and rec-
ommends that the bill do pass.
I. INTRODUCTION
The Small Business Investment Opportunity Act of 2018 (S.
2527) was introduced by Senator Benjamin L. Cardin, the Commit-
tee's Ranking Member, for himself, Senator James E. Risch, the
Committee's Chairman, and Senator John Kennedy on March 8,
2018.
This bill amends the Small Business Investment Act of 1958 to
increase the Individual Leverage Limit for individual funds partici-
pating in the Small Business Investment Company (SBIC) program
from $150,000,000 to $175,000,000.
The bill was approved unanimously by a roll call vote as part of
a manager's package.
II. HISTORY (PURPOSE & NEED FOR LEGISLATION)
The SBIC program was authorized in the 85th Congress by the
Small Business Investment Act of 1958 and is an integral part of
the Small Business Administration's (SBA's) programs that provide
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