[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3614 Received in Senate (RDS)]

111th CONGRESS
  1st Session
                                H. R. 3614


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 23, 2009

                                Received

_______________________________________________________________________

                                 AN ACT


 
To provide for an additional temporary extension of programs under the 
 Small Business Act and the Small Business Investment Act of 1958, and 
                          for other purposes.

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

SECTION 1. ADDITIONAL TEMPORARY EXTENSION OF AUTHORIZATION OF PROGRAMS 
              UNDER THE SMALL BUSINESS ACT AND THE SMALL BUSINESS 
              INVESTMENT ACT OF 1958.

    (a) In General.--Section 1 of the Act entitled ``An Act to extend 
temporarily certain authorities of the Small Business Administration'', 
approved October 10, 2006 (Public Law 109-316; 120 Stat. 1742), as most 
recently amended by section 1 of Public Law 111-43 (123 Stat. 1965), is 
amended by striking ``September 30, 2009'' each place it appears and 
inserting ``October 31, 2009''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
take effect on September 29, 2009.

SEC. 2. BUSINESS STABILIZATION PROGRAM.

    Section 506(c) of title V of division A of the American Recovery 
and Reinvestment Act of 2009 (Public Law 111-5) is amended by striking 
``but shall not include'' and all that follows through ``enactment of 
this Act''.

SEC. 3. NEW MARKETS VENTURE CAPITAL COMPANY INVESTMENT LIMITATIONS.

    Section 355 of the Small Business Investment Act of 1958 (15 U.S.C. 
689d) is amended by adding at the end the following:
    ``(e) Investment Limitations.--A New Markets Venture Capital 
company that is receiving a grant under section 358 may not issue 
debentures guaranteed by the Administrator for any 1 company in an 
aggregate amount that is more than 10 percent of the sum of--
            ``(1) the private capital of the New Markets Venture 
        Capital company; and
            ``(2) the total amount of leverage projected by the New 
        Markets Venture Capital company in the business plan of the New 
        Markets Venture Capital company in effect on the date on which 
        the Administrator granted final approval to operate as a New 
        Markets Venture Capital company under section 354(e).''.

            Passed the House of Representatives September 23, 2009.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.