Small Business Credit Availability Act
Latest action · Nov 14, 2013 Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 26.
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.
- IntroducedApr 26, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business 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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 26, 2013.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Tom Graves | Original | Apr 26, 2013 |
Actions 5
Everything that happened, newest first.
- Nov 14, 2013Committee Consideration and Mark-up Session Held.
- Nov 14, 2013Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 26.
- Oct 23, 2013Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
- Apr 26, 2013Introduced in House
- Apr 26, 2013Referred to the House Committee on Financial Services.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 31 | Next Steps for Credit Availability Act | Related bill | Oct 23, 2013 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Apr 26, 2013Introduced 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.