A bill to amend the Small Business Investment Act of 1958 to enhance the Small Business Investment Company Program, and for other purposes.
Expanding Access to Capital for Entrepreneurial Leaders Act or the EXCEL Act - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses. Increases from $225 million to $350 million the maximum amount of outstanding leverage for two or more commonly-controlled SBICs.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1594)
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 113-309.
Committee on Small Business and Entrepreneurship. Committee consideration and Mark Up Session held.
Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-90.
Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-90.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.
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