Helps small businesses in rural areas and key tech fields get more funding.
This bill would make it easier for certain small businesses to get funding. It would change rules for Small Business Investment Companies (SBICs). This would allow them to invest more in businesses in rural areas, low-income communities, important technology fields, and small manufacturing. The goal is to help these specific areas grow.
Today, Small Business Investment Companies (SBICs) can borrow up to 300% of their private capital. This bill would reduce that general limit to 200%. It would also expand the types of investments that don't count towards these limits to include small businesses in rural areas, critical technology fields, and small manufacturers, which are not currently explicitly covered in the same way.
HR 2066 · 119th Congress · March 11, 2025 · AI Summary by gemini-2.5-flash · 8/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.