Increased Capital Access for Growing Businesses Act - Amends the Investment Company Act of 1940 to redefine an "eligible portfolio company" as an issuer whose aggregate value of outstanding equity securities is not more than $1billion (thus making such companies eligible for capital investment by Business Development Companies, publicly traded companies that invest in small and medium- sized business that need access to capital).
Actions
Aug 19, 2002
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Jul 29, 2002
Sponsor introductory remarks on measure. (CR E1457)
Jul 26, 2002
Referred to the House Committee on Financial Services.