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Congressional Research Service
Version 00 · Introduced in House · Jul 26, 2005
Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of the redemption price and interest on a participating debenture issued by a small business investment company (SBIC). 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 distributions to private investors without a corresponding distribution to the SBA, under specified conditions.
People & committees
Rep. Manzullo, Donald A. [R-IL-16] · R–IL
Legislative record
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Committee Hearings Held.
Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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