DEFINITION OF ELIGIBLE PORTFOLIO COMPANY.

SEC. 503. DEFINITION OF ELIGIBLE PORTFOLIO COMPANY. Section 2(a)(46)(C) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a)(46)(C)) is amended— (1) in clause (ii), by striking “or” at the end; (2) by redesignating clause (iii) as clause (iv); and (3) by inserting after clause (ii) the following: “(iii) it has total assets of not more than $4,000,000, and capital and surplus (shareholders’ equity less retained earnings) of not less than $2,000,000, except that the Commission may adjust such amounts by rule, regulation, or order to reflect changes in 1 or more generally accepted indices or other indicators for small businesses; or”.