Bill > S46

This bill establishes the Small Business and Domestic Production Recovery Investment Facility, which aims to increase resilience in the manufacturing supply chain by providing financial assistance to Small Business Investment Companies (SBICs) that facilitate equity financing for eligible small manufacturing businesses. The key provisions include: 1. Increasing the maximum investment amount for SBICs that sell bonds to the Administration under the facility to $20 million (adjusted for inflation every 5 years). 2. Establishing the Small Business and Domestic Production Recovery Investment Facility, which will be administered by the Small Business Administration (SBA) to provide financial assistance to participating SBICs. 3. Allowing the SBA to purchase or commit to purchase accruing bonds with equity features from participating SBICs, with specific terms and conditions. 4. Creating a Pathway-Protégé Program to provide technical assistance and support to new or underrepresented SBIC fund managers. 5. Authorizing $10 billion in appropriations for the first fiscal year to carry out the facility. The bill also includes provisions to streamline the approval process for bank-owned, non-leveraged SBIC applicants and allow for electronic submissions of documents under the Small Business Investment Act.