HR 5258 · 107th Congress · Commerce

Increased Capital Access for Growing Businesses Act

Introduced 2002-07-26· Sponsored by Rep. Kelly, Sue W. [R-NY-19]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.(2002-08-19)

Plain Language Summary

[AI summary unavailable — showing source text] Increased Capital Access for Growing Businesses Act - Amends the Investment Company Act of 1940 to redefine an "eligible portfolio company" as an issuer whose aggregate value of outstanding equity securities is not more than $1billion (thus making such companies eligible for capital investment by Business Development Companies, publicly traded companies that invest in small and medium- sized business that need access to capital).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Velazquez, Nydia M. [D-NY-12]NY