Amends the Small Business Act to authorize the Small Business Administration to purchase stock from qualified small business corporations. Prohibits the purchase of such stock if the total amount outstanding and committed (by participation or otherwise) to the corporation from the business loan and investment fund exceeds $750,000.
Authorizes appropriations.
Introduced in House
Introduced in House
Referred to House Committee on Small Business.
Referred to Subcommittee on SBA, and the General Economy.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line