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S. Rept. 114-265 1 (2016-05-26)

handle is hein.congrecreports/crptxshp0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 104 114TH CONGRESS REPORT 2d Session SENATE 114-265 THE SMALL BUSINESS INVESTMENT CAPITAL COMPANY ACT OF 2015 MAY 26, 2016.-Ordered to be printed Mr. VITTER, from the Committee on Small Business and Entrepreneurship, submitted the following REPORT [To accompany S. 552] The Committee on Small Business and Entrepreneurship, to which was referred the bill (S. 552) to amend the Small Business Investment Act of 1958 to provide for increased limitations on le- verage for multiple licenses under common control, having consid- ered the same, reports favorably thereon with an amendment and recommends that the bill, as amended, do pass. I. INTRODUCTION The Small Business Investment Capital Company Act of 2015 (S. 552) was introduced by Senators James Risch and Benjamin L. Cardin, on February 24, 2015. The bill's co-sponsors include Com- mittee members Senator Kelly Ayotte, Jeanne Shaheen, the Com- mittee's Ranking Member, and David Vitter, the Committee's Chair. The Small Business Investment Capital Company Act of 2015 amends the Small Business Investment Act of 1958 to increase from $225 million to $350 million the maximum amount of out- standing leverage to be made available by the Small Business Ad- ministration (SBA) to two or more commonly-controlled small busi- ness investment companies not under capital impairment (referred to as the family of funds limit). During the markup of the bill, the bill was approved unani- mously by voice vote. Identical legislative language was signed into law as a provision of H.R. 2029, the Consolidated Appropriations Act of 2016 (P.L. 114-113). 59-010

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