3.0.0 5929 2019-11-15T21:00:57Z 2019-11-15T21:00:57Z House H HR 2012-06-08 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 5929.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H3699]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2012-07-11T15:15:47Z Referred to 2012-06-08T13:01:20Z 2012-07-11 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2012-06-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-06-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-06-08 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 N G000569 Rep. Grimm, Michael G. [R-NY-13] Michael Grimm R NY G. 13 2012-06-08 True S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2012-07-17 False D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2012-07-17 False Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Business investment and capital Business records Financial services and investments Licensing and registrations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2012-06-08 Introduced in House 2012-10-11T14:21:03Z Next Steps for 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.

]]> Next Steps for Credit Availability Act Short Titles as Introduced Next Steps for Credit Availability Act Display Title Next Steps for Credit Availability Act Official Title as Introduced To amend the Investment Company Act of 1940 to change the asset coverage ratio and treatment of preferred stock for business development companies, to allow business development companies to purchase, otherwise acquire, or hold certain securities, and to direct the Securities and Exchange Commission to revise rules under the Securities Act of 1933 relating to business development companies. Introduced in House 2012-06-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr5929ih/xml/BILLS-112hr5929ih.xml 2012-07-11 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.