Adds a new subparagraph (C) to 15 U.S.C. 662(9) excluding funds obtained directly or indirectly from any Federal, State, or local government or any government agency or instrumentality from the defined term for purposes of Administrator approval of leverage requests, except for funds described in subclauses (I) through (III) of subparagraph (B)(iii).

Revises 15 U.S.C. 683(b)(2) to (1) set specific maximum outstanding leverage amounts for individual licensees ($250,000,000 for companies making quarterly or semiannual interest payments; $175,000,000 for other companies licensed under section 301(c)), (2) set specific maximum aggregate leverage for commonly controlled companies ($475,000,000 for those making quarterly or semiannual interest payments; $350,000,000 for other commonly controlled companies licensed under section 301(c)), (3) amend calculation rules to allow exclusions for investments in (I) small business concerns located in low-income geographic areas or rural areas, (II) small business concerns operating primarily in covered technology categories, or (III) small manufacturers, (4) limit the aggregate excluded amount to the lesser of 50 percent of private capital or $125,000,000, and (5) make such exclusions prospectively applicable only to investments made after the date of enactment.