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![handle is hein.usccsset/usconset50190 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
106TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 106-1
AMENDING SECTION 20 OF THE SMALL BUSINESS ACT AND
MAKE TECHNICAL CORRECTIONS IN TITLE III OF THE
SMALL BUSINESS INVESTMENT ACT
JANUARY 19, 1999.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. TALENT, from the Committee on Small Business,
submitted the following
REPORT
together with
ADDITIONAL VIEWS
[To accompany H.R. 68]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business, to whom was referred the bill
(H.R. 68) to amend section 20 of the Small Business Act and make
technical corrections in Title III of the Small Business Investment
Act, having considered the same, report favorably thereon without
amendment and recommend that the bill do pass.
PURPOSE
The purpose of H.R. 68 is to make certain technical amendments
to Title III of the Small Business Investment Act of 1958 and
amend Section 20 of the Small Business Act. Title III authorizes
the activities of the Small Business Investment Company program.
Small Business Investment Companies (SBICs) are venture capital
firms licensed by the Small Business Administration that use SBA
guarantees to leverage private capital for investment in small busi-
nesses.
The technical corrections proposed by H.R. 68 will improve the
flexibility of the SBIC program and allow improved access to this
program by small businesses.
69-006](ViewImageLocal?handle=hein.usccsset/usconset50190&div=1&collection=&method=preview&ext=.png&size=3)