HR 1973 · 113th Congress · Finance and Financial Sector

Business Development Company Modernization Act

Introduced 2013-05-14· Sponsored by Rep. Mulvaney, Mick [R-SC-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.(2013-10-23)

Plain Language Summary

[AI summary unavailable — showing source text] Business Development Company Modernization Act - Amends the Investment Company Act of 1940 to allow business development companies to invest in: (1) a registered investment adviser or investment adviser to an investment company, or (2) an eligible portfolio company (generally, a small- or middle-market financial service company).…

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