Sec. 104. Small Business Capital Investment Program
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The Riegle Community Development and Regulatory Improvement Act of 1994 is amended by inserting after section 108 the following: Using amounts described under subsection (b), the Administrator shall carry out a Small Business Capital Investment Program ( Program ) to make capital investments in eligible community development financial institutions in order to increase the availability of credit for small businesses. To the extent practicable, the Administrator shall carry out the Program in the same manner as the Small Business Lending Fund Program authorized under section 4103(a)(2) of the Small Business Jobs Act of 2010, except that— all funds received by the Administrator in connection with purchases made under the Program, including principal, interest payments, dividend payments, and proceeds from the sale of any financial instrument, shall be deposited into the Fund; eligible community development financial institutions may apply to receive a capital investment from the Fund in an amount not exceeding 10 percent of total assets, or such other percentage as the Administrator determines to be appropriate; and the authority to make capital investments in eligible community development financial institutions shall continue so long as amounts described under subsection
(b)are available to make such investments. Notwithstanding any other provision of this Act, amounts deposited into the Fund pursuant to section 4(a) of the Small Business Leg-Up Act of 2013, section 4103(b)(3) of the Small Business Jobs Act of 2010, or subsection (a)(2)(A) shall only be available to carry out the Program established under subsection (a). Interest payments received under subsection (a)(2)(A) may be used to pay for the administrative costs of carrying out the Program. There is authorized to be appropriated to the Administrator $4,000,000 to carry out the Program. The Administrator may issue such regulations as the Administrator determines to be appropriate to carry out this section. For purposes of this section, the term eligible community development financial institution means a community development financial institution with assets of $10,000,000,000 or less, as reported in audited financial statements. . The table of contents for the Riegle Community Development and Regulatory Improvement Act of 1994 is amended by inserting after the item relating to section 108 the following new item: Sec. 108A. Small Business Capital Investment Program to increase credit availability for small businesses. .