3.0.0 1923 2023-01-13T04:49:46Z 2023-01-13T04:49:46Z Senate S S 2005-10-26 109 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2005-10-26T15:23:58Z To amend the Small Business Investment Act of 1958 to establish a participating debenture program. 109 3429 HR 2005-07-27 Committee Hearings Held. Related bill CRS 2005-10-26 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2005-10-26 Sponsor introductory remarks on measure. (CR S11919-11921) IntroReferral B00100 9 Library of Congress 2005-10-26 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N T000024 Sen. Talent, Jim [R-MO] JIM TALENT R MO 2005-10-26 True B000611 Sen. Bond, Christopher S. [R-MO] CHRISTOPHER BOND R MO S. 2005-10-26 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2006-01-26 False T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2006-02-06 False C000567 Sen. Cochran, Thad [R-MS] Thad Cochran R MS 2006-05-02 False C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2006-06-08 False V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2006-07-11 False A000121 Sen. Allen, George [R-VA] GEORGE ALLEN R VA F. 2006-07-20 False Commerce Fees Finance and Financial Sector Interest Securities Small business Commerce 00 2005-10-26 Introduced in Senate 2005-11-18T20:09:46Z Small Business Investment and Growth Act of 2005 - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the: (1) payment of the redemption price and interest on a participating debenture issued by a small business investment company (SBIC), or a trust certificate issued with respect to such a debenture; and (2) repayment of funds advanced by an interim funding provider in the event of a default by an SBIC. Authorizes the SBA to charge a guarantee fee in each of the above cases. Prohibits the Administrator from guaranteeing such a debenture if the aggregate unpaid principal balance of the participating debentures would exceed 200% of the leverageable capital of the SBIC. Requires participating debentures to be redeemed within ten years after issuance. Outlines requirements of SBIC participants, including after default on debenture payment.

Allows an SBIC which has no unpaid interest and no past due principal outstanding on any issued participating debenture the right of special distribution to private investors without a corresponding distribution to the SBA, under specified conditions.

]]> Small Business Investment and Growth Act of 2005 Display Title Small Business Investment and Growth Act of 2005 Official Title as Introduced A bill to address small business investment companies licensed to issue participating debentures, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Investment and Growth Act of 2005 Introduced in Senate 2005-10-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1923is/xml/BILLS-109s1923is.xml 2005-10-26 Read twice and referred to the Committee on Small Business and Entrepreneurship. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.