To amend the Small Business Investment Act of 1958 to establish a participating debenture program.

H.R. 3429 seeks to expand financing options for small businesses by creating a new "participating debenture" program within the Small Business Administration (SBA). Under this bill, the SBA would guarantee loans issued by Small Business Investment Companies (SBICs), allowing these firms to provide more capital to entrepreneurs while offering flexible repayment terms based on the business's profits. For citizens and small business owners, this legislation aims to increase the availability of long-term investment funding, making it easier for growing companies to secure the necessary resources to expand operations and create jobs.