A bill to amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes.

7/25/2024, 10:56 AM

Summary of Bill S 4759

Bill 118 s 4759 aims to make changes to the Small Business Investment Act of 1958. The main goal of this bill is to exclude certain investments in smaller enterprises located in rural or low-income areas, as well as small businesses in critical technology areas, from the limit on leverage. This means that these specific types of investments would not be subject to the same restrictions on borrowing money as other investments.

The bill also includes provisions for other purposes, although specific details on these purposes are not provided in the summary. Overall, the intent of this legislation is to provide more flexibility and support for small businesses in underserved areas and industries, allowing them to access the capital they need to grow and thrive.

Current Status of Bill S 4759

Bill S 4759 is currently in the status of Bill Introduced since July 24, 2024. Bill S 4759 was introduced during Congress 118 and was introduced to the Senate on July 24, 2024. Bill S 4759's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of July 24, 2024

Bipartisan Support of Bill S 4759

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4759

Primary Policy Focus

Alternate Title(s) of Bill S 4759

A bill to amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes.