To amend the Small Business Investment Act of 1958 to provide for increased limitations on leverage for multiple licenses under common control, and for other purposes.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Small Business Investment Company Modernization Act of 2012 - Amends the Small Business Investment Act of 1958 to increase from $225 million to $350 million the maximum amount of outstanding leverage to be made available by the Small Business Administration (SBA) to two or more commonly controlled small business investment companies not under capital impairment.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
Mr. Chabot moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H6838-6840)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6504.
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Chabot objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
Considered as unfinished business. (consideration: CR H6852-6853)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 359 - 36, 1 Present (Roll no. 629).(text: CR H6838)
Roll Call #629 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 359 - 36, 1 Present (Roll no. 629). (text: CR H6838)
Roll Call #629 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
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