Small Business Investment Capital Company Act of 2015

Bill 114 s 552, also known as the Small Business Investment Capital Company Act of 2015, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to promote the growth and development of small businesses by providing them with access to capital through investment capital companies.

The bill outlines the requirements for companies to qualify as investment capital companies, including having a primary business purpose of investing in small businesses and meeting certain financial criteria. These companies would be regulated by the Small Business Administration (SBA) and would be required to adhere to certain reporting and disclosure requirements.

Additionally, the bill aims to increase the availability of capital for small businesses by providing tax incentives for individuals and corporations to invest in these investment capital companies. This would help stimulate economic growth and create jobs by providing small businesses with the resources they need to expand and thrive. Overall, the Small Business Investment Capital Company Act of 2015 is designed to support small businesses and promote economic development by increasing access to capital through investment capital companies.