Modification to criteria for loans for plant acquisition, construction, conversion or expansion

(a) In general Section 502(3)(C) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(C)) is amended— (1) by striking clauses (ii) and (iii); (2) in clause (i), by inserting or at the end; and (3) by redesignating clause (iv) as clause (ii). (b) Conforming amendment Section 502(3)(B)(ii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(B)(ii)) is amended by striking clauses (i), (ii), or (iii) of subparagraph (C) and inserting clause (i) of subparagraph (C).

(a) In general Section 502(3)(C) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(C)) is amended— (1) by striking clauses (ii) and (iii); (2) in clause (i), by inserting or at the end; and (3) by redesignating clause (iv) as clause (ii). (b) Conforming amendment Section 502(3)(B)(ii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(3)(B)(ii)) is amended by striking clauses (i), (ii), or (iii) of subparagraph (C) and inserting clause (i) of subparagraph (C).