3.0.0 31 2022-11-15T16:33:58Z 2022-11-15T16:33:58Z House H HR 2013-01-03 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 31.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to . . . provide for the . .. general Welfare of the United States; . . .Article I, Section 8, Clause 3The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H34]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2013-10-23T16:50:51Z Referred to 2013-01-03T16:04:00Z Small Business Credit Availability Act 113 1800 HR 2013-11-14 Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 26. Related bill CRS 2013-10-23 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2013-01-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-01-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-01-03 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 N M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2013-02-25 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 2013-01-03 Introduced in House 2013-01-28T22:39:13Z 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 Display Title Next Steps for Credit Availability Act Short Titles as Introduced 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 2013-01-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr31ih/xml/BILLS-113hr31ih.xml 2013-10-23 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. 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.