1. Short title This Act may be cited as the American Innovation and Manufacturing Act . 2. Small business investment company program (a) In general Part A of title III of the Small Business Investment Act of 1958 ( 15 U.S.C. 681 et seq. ) is amended— (1) in section 302(a) ( 15 U.S.C. 682(a) )— (A) in paragraph (1)— (i) in subparagraph (A), by striking or at the end; (ii) in subparagraph (B), by striking the period at the end and inserting ; or ; and (iii) by adding at the end the following: (C) $20,000,000, adjusted every 5 years for inflation, with respect to each licensee authorized or seeking authority to sell bonds to the Administration as a participating investment company under section 321. ; and (2) by adding at the end the following: 321. Small business and domestic production recovery investment facility (a) Definitions In this section: (1) Eligible small business concern The term eligible small business concern — (A) means a small business concern that is a manufacturing business that is assigned a North American Industry Classification System code beginning with 31, 32, or 33 at the time at which the small business concern receives an investment from a participating investment company under the facility; and (B) does not include an entity described in section 7(a)(37)(A)(iv)(III) of the Small Business Act ( 15 U.S.C. 636(a)(37)(A)(iv)(III) ). (2) Facility The term facility means the facility established under subsection (b). (3) Fund The term Fund means the fund established under subsection (h). (4) Participating investment company The term participating investment company means a small business investment company approved under subsection (d) to participate in the facility. (5) Protégé investment company The term protégé investment company means a small business investment company that— (A) is majority managed by new, inexperienced, or otherwise underrepresented fund managers