Next Steps for Credit Availability Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jan 3, 2013)
Next Steps for 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 happenedOct 23, 2013
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Who’s behind it
- Introduced in HouseJan 3, 2013
- Oct 23, 2013Committee
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
- Jan 3, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Jan 3, 2013IntroReferralIntro-H
Introduced in House
- Jan 3, 2013IntroReferral1000
Introduced in House