HR 6342
SBIC Capital Infusion Act of 2020
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the SBIC Capital Infusion Act of 2020, aims to provide financial support to small businesses struggling due to the COVID-19 pandemic. It does this primarily by increasing the amount of leverage available to Small Business Investment Companies (SBICs), which are financial institutions that invest in small businesses. The bill also reauthorizes and expands the New Markets Venture Capital Program, which encourages investment in small businesses located in underserved communities.
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