SMALL BUSINESS INVESTMENT COMPANIES.

SEC. 215. SMALL BUSINESS INVESTMENT COMPANIES. (a) Limits in Cases of Common Control.— (1) In general.— The last sentence of section 303(b)(1) of the Small Business Investment Act of 1958 is amended to read as follows: “In no event shall the debentures guaranteed and outstanding under this title of any such company or companies which are commonly controlled as determined by the Administration exceed $35,000,000.”. (2) Effective date.— The amendments made by paragraph (1) shall become effective on July 1, 1991. (b) Amount of Assistance.— Section 303 of the Small Business Investment Act of 1958 (15 U.S.C. 683) is amended— (1) by inserting “under the provisions of this title,” in paragraph (6) of subsection (c) after “debentures or securities”; and (2) by striking the third sentence in subsection (d).