Small Business Investment Company Capital Act of 2015

Bill 114 hr 1023, also known as the Small Business Investment Company Capital Act of 2015, is a piece of legislation introduced in the US Congress with the aim of providing support and resources to small businesses. The bill seeks to increase the amount of capital available to Small Business Investment Companies (SBICs), which are privately owned and managed investment funds that provide financing to small businesses.

The main provisions of the bill include increasing the maximum amount of leverage that SBICs can obtain from the Small Business Administration (SBA) from $150 million to $175 million. This increase in leverage is intended to help SBICs provide more funding to small businesses, thereby stimulating economic growth and job creation.

Additionally, the bill aims to streamline the application process for SBICs seeking SBA leverage, making it easier for these investment funds to access the capital they need to support small businesses. The bill also includes provisions to improve oversight and accountability of SBICs, ensuring that they are using the funds they receive in a responsible and effective manner. Overall, the Small Business Investment Company Capital Act of 2015 is designed to support small businesses by increasing the availability of capital through SBICs. By providing these investment funds with greater access to leverage and streamlining the application process, the bill aims to promote economic growth and job creation in the small business sector.