H.Amdt.701 to H.R.5297111th Congress (2009-2010)
Description: H.Amdt. 701 — 111th Congress (2009-2010)All Information (Except Text)
Amendment ensures that State-run venture capital fund programs will be eligible to participate in the program and clarifies that State financing programs will be eligible for the program as long as their use of new funds meets the business-sized requirements in the bill.
An amendment numbered 11 printed in part C of House Report 111-506 to ensure that state-run venture capital fund programs will be able to qualify as "state other credit support programs," as long as they do not use funds under H.R. 5297 to lend to businesses with more than 750 employees. It would clarify that state-run venture capital fund programs will be able to qualify as "state other credit support programs," as long as they meet all other requirements.
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