Percentage limitation on private capital
Pub. L. 92–595, § 2(f)86 Stat. 1316 Repealed. , ,
Application of provisions to commitments incurred prior to effective date of section
With respect to obligations or securities acquired prior to the effective date of the Small Business Investment Act Amendments of 1967, and with respect to legally binding commitments issued prior to such date, the provisions of this section as in effect immediately prior to such effective date shall continue to apply.
Pub. L. 85–699, title III, § 30672 Stat. 694Pub. L. 87–341, § 7(a)75 Stat. 753Pub. L. 88–273, § 478 Stat. 146Pub. L. 90–104, title II, § 20781 Stat. 271Pub. L. 92–595, § 2(f)86 Stat. 1316Pub. L. 102–366, title IV, § 408(a)106 Stat. 1016Pub. L. 111–5, div. A, title V, § 505(b)123 Stat. 156(, , ; , , ; , , ; , , ; , , ; , , ; , , .)
Editorial Notes
References in Text
section 681 of this titleFor effective date of the Small Business Investment Act Amendments of 1967, referred to in subsec. (c), see Effective Date of 1967 Amendment note set out under .
Amendments
Pub. L. 111–52009—Subsec. (a). amended subsec. (a) generally. Prior to amendment, text read as follows: “If any small business investment company has obtained financing from the Administration and such financing remains outstanding, the aggregate amount of obligations and securities acquired and for which commitments may be issued by such company under the provisions of this subchapter for any single enterprise shall not exceed 20 per centum of the private capital of such company, without the approval of the Administration.”
Pub. L. 102–3661992—Subsec. (a). amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “Without the approval of the Administration, the aggregate amount of obligations and securities acquired and for which commitments may be issued by any small business investment company under the provisions of this chapter for any single enterprise shall not exceed 20 percent of the combined private paid-in capital and paid-in surplus of such company.”
Pub. L. 92–595, § 2(f)(1)1972—Subsec. (a). , substituted “combined private paid-in capital” for “combined paid-in capital”.
Pub. L. 92–595, § 2(f)(2)Subsec. (b). , repealed subsec. (b) which enumerated the items making up the combined paid-in capital and paid-in surplus of companies licensed prior to .
Pub. L. 90–1041967—Subsec. (a). substituted “paid-in capital and paid-in surplus of such company” for “capital and surplus of such small business investment company authorized by this chapter”.
Pub. L. 90–104Subsecs. (b), (c). added subsecs. (b) and (c).
Pub. L. 88–2731964— struck out the $500,000 limitation on amount of assistance to any single enterprise.
Pub. L. 87–3411961— inserted “or (2) $500,000, whichever is the lesser”.
Statutory Notes and Related Subsidiaries
Effective Date of 1967 Amendment
Pub. L. 90–104section 211 of Pub. L. 90–104section 681 of this titleAmendment by effective , see , set out as a note under .
Effective Date of 1961 Amendment
Pub. L. 87–341, § 7(b)75 Stat. 753
Effect of Small Business Equity Enhancement Act of 1992 on Securities Laws
Pub. L. 102–366section 418 of Pub. L. 102–366section 661 of this titleNothing in amendment by to be construed to affect applicability of securities laws or to otherwise supersede or limit jurisdiction of Securities and Exchange Commission, see , set out as a note under .