3.0.0 2324 2023-01-11T13:38:53Z 2023-01-11T13:38:53Z Senate S 2018-01-18 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2018-01-18T22:26:40Z Consolidated Appropriations Act, 2018 115 1625 HR 2018-03-23 Became Public Law No: 115-141. Related bill CRS Small Business Credit Availability Act 115 4267 HR 2018-04-24 Placed on the Union Calendar, Calendar No. 495. Related bill CRS 2018-01-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-01-18 Introduced in Senate IntroReferral 10000 9 Library of Congress H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV N M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2018-01-18 True D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN 2018-01-22 False R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2018-02-06 False T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2018-02-08 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2018-02-14 False N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM 2018-02-15 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2018-02-27 False H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND 2018-02-27 False B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2018-02-27 False P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2018-02-27 False T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland 2018-02-27 False C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2018-02-27 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2018-02-28 False T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2018-03-05 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2018-03-05 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2018-03-12 False R000605 Sen. Rounds, Mike [R-SD] Mike Rounds R SD 2018-03-12 False Finance and Financial Sector Finance and Financial Sector 00 2018-01-18 Introduced in Senate 2019-08-06T21:24:41Z Small Business Credit Availability Act

This bill amends the Investment Company Act of 1940 to reduce the required asset-coverage ratio applicable to a Business Development Company (BDC) from 200% to 150% if: (1) the BDC makes specified disclosures on its website and to the Securities and Exchange Commission (SEC); and (2) the modified asset-coverage ratio is approved by the required majority of the BDC's directors, general partners, or shareholders (as applicable).

The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers.

]]> Small Business Credit Availability Act Display Title Small Business Credit Availability Act Official Title as Introduced A bill to amend the Investment Company Act of 1940 to change certain requirements relating to the capital structure of business development companies, to direct the Securities and Exchange Commission to revise certain rules relating to business development companies, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Credit Availability Act Introduced in Senate 2018-01-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2324is/xml/BILLS-115s2324is.xml 2018-01-18 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.