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.
Actions Overview (2)
Date
04/24/2018
Reported by the Committee on Financial Services. H. Rept. 115-646.
11/07/2017
Introduced in House
04/24/2018 Reported by the Committee on Financial Services. H. Rept. 115-646.
11/07/2017 Introduced in House
All Actions (7)
Date
04/24/2018
Placed on the Union Calendar, Calendar No. 495. Action By: House of Representatives
04/24/2018
Reported by the Committee on Financial Services. H. Rept. 115-646. Action By: Committee on Financial Services
11/15/2017
Ordered to be Reported by the Yeas and Nays: 58 - 2. Action By: Committee on Financial Services
11/15/2017
Committee Consideration and Mark-up Session Held. Action By: Committee on Financial Services
11/07/2017
Referred to the House Committee on Financial Services. Action By: House of Representatives
11/07/2017
Introduced in House Action By: House of Representatives
11/03/2017
Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral. Action By: House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises
04/24/2018 Placed on the Union Calendar, Calendar No. 495.
04/24/2018 Reported by the Committee on Financial Services. H. Rept. 115-646.
11/15/2017 Ordered to be Reported by the Yeas and Nays: 58 - 2.
11/15/2017 Committee Consideration and Mark-up Session Held.
11/07/2017 Referred to the House Committee on Financial Services.
11/07/2017 Introduced in House
11/03/2017 Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.
Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.
Shown Here: Reported to House without amendment (04/24/2018)
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.
Shown Here: Reported to House without amendment (04/24/2018)
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.
Shown Here: Introduced in House (11/07/2017)
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.
