S.511 - Expanding Access to Capital for Entrepreneurial Leaders Act

A bill to amend the Small Business Investment Act of 1958 to enhance the Small Business Investment Company Program, and for other purposes. view all titles (5)

All Bill Titles

  • Short: Expanding Access to Capital for Entrepreneurial Leaders Act as introduced.
  • Official: A bill to amend the Small Business Investment Act of 1958 to enhance the Small Business Investment Company Program, and for other purposes. as introduced.
  • Short: EXCEL Act as introduced.
  • Short: EXCEL Act as reported to senate.
  • Short: Expanding Access to Capital for Entrepreneurial Leaders Act as reported to senate.

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Introduced
 
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03/11/13
 
 
 
 
 
 
 

Official Summary

Expanding Access to Capital for Entrepreneurial Leaders Act or the EXCEL Act - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participat

Official Summary

Expanding Access to Capital for Entrepreneurial Leaders Act or the EXCEL Act - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses. Increases from $225 million to $350 million the maximum amount of outstanding leverage for two or more commonly-controlled SBICs.

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