President Signs Knight Bill To Ensure Small Businesses Have Access to Capital
WASHINGTON – This week, the President signed H.R. 2333, the Small Business Investment Opportunity Act, introduced by Contracting and Workforce Subcommittee Chairman Steve Knight (R-CA), to increase the amount of leverage made available to small business investment companies (SBICs).
“No doubt, access to capital remains one of the biggest obstacles for small business owners in growing their companies. Congressman Knight’s bill will allow small businesses to more easily get the financing they need and I thank him for all the hard work he has put into this bill to see it become law,” said Chairman Chabot (R-OH).
“I am very pleased that the Small Business Investment Opportunity Act, has been signed into law. This bill will make improvements to the Small Business Investment Company Program and help ensure that our small businesses have access to the capital they need to flourish and grow. Small businesses are an integral part of our country, and by improving their ability to expand and thrive, we can make the American dream more available for everyone,” said Congressman Knight.