Business Development Company Modernization Act

Fact Sheet API

Bill Number

HR 1973

Introduced

May 14, 2013

Latest Action

Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

Sponsor

Cosponsors

Topics

Banking and financial institutions regulation Business investment and capital Finance and Financial Sector Financial services and investments Securities Small business

Full Text

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Votes

Summary

Business Development Company Modernization Act - Amends the Investment Company Act of 1940 to allow business development companies to invest in: (1) a registered investment adviser or investment adviser to an investment company, or (2) an eligible portfolio company (generally, a small- or middle-market financial service company).

Actions

Oct 23, 2013

Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
May 14, 2013

Introduced in House
May 14, 2013

Referred to the House Committee on Financial Services.

Amendments

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