HR 1800 · 113th Congress · Finance and Financial Sector
Small Business Credit Availability Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 26.(2013-11-14)
Plain Language Summary
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Small Business 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1800, Small Business Credit Availability Act
Apr 11, 2014Revised estimate for the bill as ordered reported by the House Committee on Financial Services on November 13, 2013, due to a change in the effect on revenues to reflect new data.
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office