Page:United States Statutes at Large Volume 124.djvu/2535

 124 STAT. 2509 PUBLIC LAW 111–240—SEPT. 27, 2010 ‘‘(B) that has obtained a financing from the Adminis- trator. ‘‘(2) LIMITATION.—Except to the extent approved by the Administrator, a covered New Markets Venture Capital com- pany may not acquire or issue commitments for securities under this title for any single enterprise in an aggregate amount equal to more than 10 percent of the sum of— ‘‘(A) the regulatory capital of the covered New Markets Venture Capital company; and ‘‘(B) the total amount of leverage projected in the participation agreement of the covered New Markets Ven- ture Capital.’’. SEC. 1116. ALTERNATIVE SIZE STANDARDS. Section 3(a) of the Small Business Act (15 U.S.C. 632(a)) is amended by adding at the end the following: ‘‘(5) ALTERNATIVE SIZE STANDARD.— ‘‘(A) IN GENERAL.—The Administrator shall establish an alternative size standard for applicants for business loans under section 7(a) and applicants for development company loans under title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 et seq.), that uses maximum tangible net worth and average net income as an alternative to the use of industry standards. ‘‘(B) INTERIM RULE.—Until the date on which the alter- native size standard established under subparagraph (A) is in effect, an applicant for a business loan under section 7(a) or an applicant for a development company loan under title V of the Small Business Investment Act of 1958 may be eligible for such a loan if— ‘‘(i) the maximum tangible net worth of the applicant is not more than $15,000,000; and ‘‘(ii) the average net income after Federal income taxes (excluding any carry-over losses) of the applicant for the 2 full fiscal years before the date of the application is not more than $5,000,000.’’. SEC. 1117. SALE OF 7(a) LOANS IN SECONDARY MARKET. Section 5(g) of the Small Business Act (15 U.S.C. 634(g)) is amended by adding at the end the following: ‘‘(6) If the amount of the guaranteed portion of any loan under section 7(a) is more than $500,000, the Administrator shall, upon request of a pool assembler, divide the loan guarantee into incre- ments of $500,000 and 1 increment of any remaining amount less than $500,000, in order to permit the maximum amount of any loan in a pool to be not more than $500,000. Only 1 increment of any loan guarantee divided under this paragraph may be included in the same pool. Increments of loan guarantees to different bor- rowers that are divided under this paragraph may be included in the same pool.’’. SEC. 1118. ONLINE LENDING PLATFORM. It is the sense of Congress that the Administrator of the Small Business Administration should establish a website that— (1) lists each lender that makes loans guaranteed by the Small Business Administration and provides information about the loan rates of each such lender; and