H.R. 4267 · 115th Congress
Small Business Credit Availability Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
StiversSponsor22 cosponsors · 11 D, 11 R
R
McHenry
GM
D
Moore
BS
D
Sherman
JB
D
Beatty
JH
D
Himes
ER
R
Royce
AW
R
Wagner
EP
D
Perlmutter
DS
D
Scott
CT
R
Tenney
RW
R
Williams
JG
D
Gottheimer
LM
R
Messer
TB
R
Budd
WC
D
Clay
TE
R
Emmer
GM
D
Meeks
BF
D
Foster
RH
R
Hultgren
TG
R
Graves
BF
R
Fitzpatrick
DH
D
Heck3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Reported to House without amendment · Apr 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Credit Availability Act
Latest action (Apr 24, 2018): Placed on the Union Calendar, Calendar No. 495.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Nov 7, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.