Bill > HR580

This bill, the American Innovation and Manufacturing Act, establishes a Small Business and Domestic Production Recovery Investment Facility within the Small Business Administration (SBA). The facility aims to increase resilience in the manufacturing supply chain by providing financial assistance, in the form of equity investments, to eligible small manufacturing businesses through participating investment companies. The bill sets parameters for the facility, including definitions of key terms, application and selection criteria for participating investment companies, and the terms and conditions for bond purchases by the SBA. Additionally, the bill includes provisions to encourage participation of new, inexperienced, or underrepresented investment companies through a "pathway-protégé" program and reduced application requirements. The bill also allows for electronic submissions of documents related to the Small Business Investment Act of 1958 and authorizes $10 billion in appropriations for the first two fiscal years to carry out the facility.