; (B) in clause (iii), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following: (iv) has successfully passed a Federal Bureau of Investigation background check within the preceding 1-year period. ; and (4) by adding at the end the following: (5) Definitions In this subsection— (A) the term bank-owned applicant means an applicant for a license to operate as a small business investment company under this Act that— (i) is a national bank or any member bank of the Federal Reserve System or nonmember insured bank; (ii) bears the same name as the future small business investment company; (iii) is domestically domiciled; and (iv) has not had a license under this Act revoked or involuntarily surrendered during the 10-year period preceding the date on which the application is submitted; (B) the term non-leveraged, non-bank applicant means an applicant for a license to operate as a small business investment company under this Act that is not bank-owned and that, when operational, poses no risk to the Federal Government; and (C) the term repeat applicant means an applicant for a license to operate as a small business investment company under this Act that— (i) has previously applied for and been issued such a license; (ii) has 50 percent of the same management team with the 50 percent of the same investment committee as when the applicant operated as a small business investment company; (iii) is applying for the same or less ratio leverage as when the applicant operated as a small business investment company; (iv) has substantially the same investment strategy as when the applicant operated as a small business investment company; (v) is not more than 50 percent larger than when the applicant operated as a small business investment company; (vi) has not less than 50 percent of institutional limited partnerships returning from the prior fund to invest in the new small business investment company; and (vii) has not had any major findings on examinations of the prior fund. .