0
0

SBIC Capital Infusion Act of 2020

2/8/2022, 11:15 PM

Congressional Summary of HR 6342

SBIC Capital Infusion Act of 2020

This bill provides economic assistance to small businesses affected by COVID-19 (i.e., coronavirus disease 2019), and it reestablishes the New Markets Venture Capital Program.

Specifically, the bill provides additional leverage for small business investment companies (SBICs) by requiring the Small Business Administration (SBA), when calculating the maximum amount of outstanding leverage made available to SBICs, to exclude a certain amount of outstanding leverage to small businesses affected by COVID-19. Any excluded amounts must be used solely for working capital purposes.

The bill also reestablishes the New Markets Venture Capital Program, through which the SBA, in partnership with investment companies, encourages developmental venture capital investment in small businesses located in low-income areas.

Read the Full Bill

Formatted TextPDFFormatted XML

Current Status of Bill HR 6342

Bill HR 6342 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6342 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6342's most recent activity was Referred to the House Committee on Small Business. as of March 23, 2020

Bipartisan Support of Bill HR 6342

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6342

Primary Policy Focus

Commerce

Potential Impact Areas

- Business investment and capital
- Cardiovascular and respiratory health
- Emergency medical services and trauma care
- Infectious and parasitic diseases
- Small business

Alternate Title(s) of Bill HR 6342

SBIC Capital Infusion Act of 2020
To amend the Small Business Investment Act of 1958 to provide additional assistance for small businesses affected by the COVID-19 outbreak, and for other purposes.
SBIC Capital Infusion Act of 2020

Comments

Sponsors and Cosponsors of HR 6342

Sharice Davids
Sharice Davids
KansasDemocrat

Latest Bills

A concurrent resolution expressing support for the recognition of March 10, 2026, as "Abortion Provider Appreciation Day".
Bill SCONRES 28March 11, 2026
A resolution requesting information on the Republic of Cameroon's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act 1961.
Bill SRES 637March 11, 2026
A resolution requesting information on the Republic of Guatemala's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 636March 11, 2026
A resolution requesting information on the Republic of Kosovo's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 635March 11, 2026
A resolution requesting information on the Republic of Equatorial Guinea's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 634March 11, 2026
A resolution requesting information on the Republic of Honduras's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 633March 11, 2026
A resolution requesting information on the Republic of Ghana's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 632March 11, 2026
A resolution requesting information on the Republic of Uzbekistan's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 631March 11, 2026
A resolution honoring the lives of fallen Missouri police officers and expressing condolences to their families.
Bill SRES 630March 11, 2026
Respect for Local Communities Act
Bill HR 7652March 11, 2026
Workforce Emergency Response Act of 2020
Bill HR 6379February 8, 2022
COVID–19 Relief for Small Businesses Act of 2020
Bill HR 6312February 8, 2022