[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5258 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 5258

 To amend the Investment Company Act of 1940 to provide incentives for 
                       small business investment.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 26, 2002

  Mrs. Kelly (for herself and Ms. Velazquez) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Investment Company Act of 1940 to provide incentives for 
                       small business investment.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Increased Capital Access for Growing 
Businesses Act''.

SEC. 2. AMENDMENTS TO THE INVESTMENT COMPANY ACT OF 1940.

    Section 2(a)(46)(C) of the Investment Company Act of 1940 (15 
U.S.C. 80a-2(a)(46)(C)) is amended--
            (1) by striking ``or'' at the end of clause (iii);
            (2) by redesignating subclause (iv) as clause (v); and
            (3) by inserting after clause (iii) the following new 
        clause:
                            ``(iv) the aggregate value of its 
                        outstanding equity securities is not more than 
                        $1,000,000,000; or''.
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