An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Small Business Investment Company (SBIC)

A private investment fund licensed and regulated by the Small Business Administration (SBA) that uses its own capital and government-backed loans to provide financing to small businesses.

Leverage

Money that an SBIC borrows from the government (specifically, the Small Business Administration) to supplement its private funds, allowing it to make larger investments in small businesses.

Leverage Limit

The maximum amount of government-backed debt an SBIC is allowed to take on, usually set as a ratio to its private capital or a fixed dollar amount.

Critical Technology Areas

Specific fields of technology identified as important for national security, economic competitiveness, or public well-being, such as artificial intelligence, biotechnology, or advanced manufacturing.

Rural Area

A geographic region with a relatively low population density, typically outside of major cities and suburbs, as defined by specific government criteria.

Low-income Geographic Area

A region identified by certain criteria, such as median family income or poverty rates, as having a significant population of low-income residents.