3.0.0 6342 2022-02-08T23:15:18Z 2022-02-08T23:15:18Z House HR 2020-03-23 116 [Congressional Record Volume 166, Number 57 (Monday, March 23, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. DAVIDS of Kansas:H.R. 6342.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .Article I, Section 8, Clause 3The Congress shall have Power. . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H1717]]]> hssm00 Small Business Committee House Standing Referred to 2020-03-23T15:30:47Z COVID–19 Relief for Small Businesses Act of 2020 116 6312 HR 2020-03-19 Referred to the House Committee on Small Business. Related bill CRS Workforce Emergency Response Act of 2020 116 6379 HR 2020-03-23 Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 2020-03-23 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-03-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-23 Introduced in House IntroReferral 1000 9 Library of Congress D000629 Rep. Davids, Sharice [D-KS-3] Sharice Davids D KS 3 N Commerce Business investment and capital Cardiovascular and respiratory health Emergency medical services and trauma care Infectious and parasitic diseases Small business Commerce 00 2020-03-23 Introduced in House 2020-04-15T17:01:59Z 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.

]]> SBIC Capital Infusion Act of 2020 Display Title SBIC Capital Infusion Act of 2020 Official Title as Introduced 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. Introduced in House IH Short Title(s) as Introduced SBIC Capital Infusion Act of 2020 Introduced in House IH Introduced in House 2020-03-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6342ih/xml/BILLS-116hr6342ih.xml 2020-03-23 Referred to the House Committee on Small Business. 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.