H.R. 2066
Modifies financing limits for small business investment companies
Changes financing limits for investment companies that fund small businesses, and expands what counts as private capital.
- Reduces maximum outstanding financing from 300 percent to 200 percent of private capital
- Increases maximum financing for commonly controlled investment companies to $475 million
- Excludes investments in rural areas, technology, and small manufacturers from financing limits
- Expands definition of private capital to include college and university endowments
Became law · Public Law 119-92