S. 2187 (112th): A bill to remove the sunset date for amendments to the Small Business Investment Act of 1958, ...

...and for other purposes.

112th Congress, 2011–2013. Text as of Mar 12, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

S 2187 IS

112th CONGRESS

2d Session

S. 2187

To remove the sunset date for amendments to the Small Business Investment Act of 1958, and for other purposes.

IN THE SENATE OF THE UNITED STATES

March 12, 2012

Mr. CARDIN (for himself and Ms. LANDRIEU) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

A BILL

To remove the sunset date for amendments to 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. REMOVAL OF SUNSET DATES FOR CERTAIN PROVISIONS OF THE SMALL BUSINESS INVESTMENT ACT OF 1958.

    (a) Maximum Bond Amount- Section 411(a)(1) of the Small Business Investment Act of 1958 (15 U.S.C. 694b(a)(1)) is amended by striking ‘does not exceed’ and all that follows and inserting ‘does not exceed $5,000,000.’.

    (b) Denial of Liability- Section 411(e)(2) of the Small Business Investment Act of 1958 (15 U.S.C. 694b(e)(2)) is amended by striking ‘bonds exceeds’ and all that follows and inserting ‘bonds exceeds $5,000,000,’.