The White House announced that the President signed into law three bills, including a measure that changes Small Business Investment Company funding rules by modifying the maximum amount of outstanding leverage available to an SBIC and excluding certain investments from the leverage cap calculation. The other two laws expand the Sloan Canyon National Conservation Area in Nevada while directing federal rights of way for a water transmission pipeline serving the Las Vegas Valley, and revise land settlement arrangements for the Cape Fox Village Corporation in Alaska. Under the SBIC measure, investments excluded from the leverage cap are those made in small businesses located in low income or rural areas, small manufacturers, and critical technology focused small businesses. The Nevada law expands the boundaries of the Sloan Canyon conservation area in Clark County and directs the Bureau of Land Management to grant rights of way to the Southern Nevada Water Authority for construction of a pipeline and related facilities. The Alaska measure waives the requirement for the Cape Fox Village Corporation to receive certain federal land under the Alaska Native Claims Settlement Act and authorizes it to select other previously identified land.
The White House2026-05-19
The White House signs three laws on SBIC leverage limits Nevada pipeline rights of way and Alaska Native land settlement
The White House announced that the President signed a law amending Small Business Investment Company funding rules by increasing maximum outstanding leverage and excluding from the leverage cap certain investments in low income or rural small businesses, small manufacturers, and critical technology-focused small businesses. The President also signed laws expanding the Sloan Canyon National Conservation Area in Nevada while directing federal rights of way for a water pipeline, and revising land settlement arrangements for the Cape Fox Village Corporation in Alaska.