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 & SBIC Authority, Minority Enterprise, and General Small Business Problems.
Referred to Subcommittee on Tax, Access to Equity Capital and Business Opportunities.
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