Small Business Credit Availability Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Apr 26, 2013)
Small Business Credit Availability Act - Amends the Investment Company Act of 1940 to allow a business development company (BDC) to own or acquire securities or other interests in the business of a registered investment adviser or adviser to an investment company.
Reduces from 200% to 150% the asset coverage requirements applicable to BDCs. Allows a BDC to issue stock.
Directs the Securities and Exchange Commission (SEC) to revise various rules under the Securities Act of 1933 and to revise forms as necessary to allow a BDC to use security offering rules available to other issuers that are required to file security issuance reports under the Securities Exchange Act of 1934.
What just happenedNov 14, 2013
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 26.
Who’s behind it
- Introduced in HouseApr 26, 2013
- Nov 14, 2013Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 26.
- Nov 14, 2013Committee
Committee Consideration and Mark-up Session Held.
- Oct 23, 2013Committee
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
- Apr 26, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Apr 26, 2013IntroReferralIntro-H
Introduced in House
- Apr 26, 2013IntroReferral1000
Introduced in House