Small Business Credit Availability Act
USA115th CongressHR-4267| House
| Updated: 4/24/2018
Steve Stivers
Republican Representative
Ohio
Cosponsors (22)
Randy Hultgren (Republican)Joyce Beatty (Democratic)Bill Foster (Democratic)David Scott (Democratic)Claudia Tenney (Republican)Edward R. Royce (Republican)Wm. Lacy Clay (Democratic)Luke Messer (Republican)Ann Wagner (Republican)Roger Williams (Republican)Gregory W. Meeks (Democratic)James A. Himes (Democratic)Brad Sherman (Democratic)Denny Heck (Democratic)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Josh Gottheimer (Democratic)Ed Perlmutter (Democratic)Tom Graves (Republican)Gwen Moore (Democratic)Ted Budd (Republican)Patrick T. McHenry (Republican)
Financial Services Committee, Capital Markets Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Small Business Credit Availability Act This bill amends the Investment Company Act of 1940 to reduce the required asset-coverage ratio applicable to a Business Development Company (BDC) from 200% to 150% if: (1) the BDC makes specified disclosures on its website and to the Securities and Exchange Commission (SEC); and (2) the modified asset-coverage ratio is approved by the required majority of the BDC's directors, general partners, or shareholders (as applicable). The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers.
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Timeline
Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 58 - 2.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 495.
Reported by the Committee on Financial Services. H. Rept. 115-646.
Finance and Financial Sector
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)Small business
Small Business Credit Availability Act
USA115th CongressHR-4267| House
| Updated: 4/24/2018
Small Business Credit Availability Act This bill amends the Investment Company Act of 1940 to reduce the required asset-coverage ratio applicable to a Business Development Company (BDC) from 200% to 150% if: (1) the BDC makes specified disclosures on its website and to the Securities and Exchange Commission (SEC); and (2) the modified asset-coverage ratio is approved by the required majority of the BDC's directors, general partners, or shareholders (as applicable). The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported by the Yeas and Nays: 58 - 2.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 495.
Reported by the Committee on Financial Services. H. Rept. 115-646.
Steve Stivers
Republican Representative
Ohio
Cosponsors (22)
Randy Hultgren (Republican)Joyce Beatty (Democratic)Bill Foster (Democratic)David Scott (Democratic)Claudia Tenney (Republican)Edward R. Royce (Republican)Wm. Lacy Clay (Democratic)Luke Messer (Republican)Ann Wagner (Republican)Roger Williams (Republican)Gregory W. Meeks (Democratic)James A. Himes (Democratic)Brad Sherman (Democratic)Denny Heck (Democratic)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Josh Gottheimer (Democratic)Ed Perlmutter (Democratic)Tom Graves (Republican)Gwen Moore (Democratic)Ted Budd (Republican)Patrick T. McHenry (Republican)
Financial Services Committee, Capital Markets Subcommittee
Finance and Financial Sector
Related Bills
- S 115-2324: A bill to amend the Investment Company Act of 1940 to change certain requirements relating to the capital structure of business development companies, to direct the Securities and Exchange Commission to revise certain rules relating to business development companies, and for other purposes.
- HR 115-1625: Consolidated Appropriations Act, 2018
- HR 115-10: Financial CHOICE Act of 2017
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)Small business