Increased Capital Access for Growing Business Act
Latest action · Apr 7, 2005 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 1, 2005
- Passed HouseApr 6, 2005
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Increased Capital Access for Growing Business Act - Amends the Investment Company Act of 1940 to include as an "eligible portfolio company," for purposes of eligibility for investment in small- and medium-sized businesses, an issuer of securities that: (1) does not have any class of equity securities listed for trading on a national securities exchange or traded through the facilities of a national securities association; or (2) has an aggregate value of outstanding publicly traded equity securities of not more than $250 million. Allows the Securities and Exchange Commission to adjust such amount consistent with the public interest, protection of investors, and the public purpose.
Includes as an eligible business development company, also for such purposes, an investment company: (1) without any such class of equity securities; or (2) that is not an eligible portfolio company because the aggregate value of its outstanding publicly traded equity securities is more than $250 million but not more than $500 million, as long as such securities represent no more than ten percent of the total invested assets of the company.
Cosponsors 3
Members who signed on, in the order they did. All signed on Feb 1, 2005.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | Michael G. Oxley | Original | Feb 1, 2005 |
| D-NY | Nydia M. Velázquez | Original | Feb 1, 2005 |
| R-LA | Richard H. Baker | Original | Feb 1, 2005 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Feb 1, 2005 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Apr 7, 2005 |
Actions 8
Everything that happened, newest first.
- Apr 7, 2005Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Apr 6, 2005Mrs. Kelly moved to suspend the rules and pass the bill.
- Apr 6, 2005Considered under suspension of the rules. (consideration: CR H1790-1791)
- Apr 6, 2005DEBATE - The House proceeded with forty minutes of debate on H.R. 436.
- Apr 6, 2005Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H1790)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H1790, H1791Text printed H1790 | David Scott D-GA, Michael G. Oxley R-OH, Sue W. Kelly R-NY | Apr 6, 2005 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 109-969 | A REVIEW OF CURRENT SECURITIES ISSUES54 pages | Banking, Housing, and Urban Affairs Committee | Apr 25, 2006 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1396 | Increased Capital Access for Growing Business Act | Related bill | Jul 14, 2005 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Investment Company Act of 1940 to provide incentives for small business investment, and for other purposes.
- Short Titles as Introduced
- Increased Capital Access for Growing Business Act
- Short Titles as Passed House
- Increased Capital Access for Growing Business Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 3
Each version as it was printed, newest first.
- Apr 7, 2005Referred in Senate
- Apr 6, 2005Engrossed in House
- Feb 1, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.