HR 4267 · 115th Congress · Finance and Financial Sector

Small Business Credit Availability Act

Introduced 2017-11-07· Sponsored by Rep. Stivers, Steve [R-OH-15]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 495.(2018-04-24)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 4267, Small Business Credit Availability Act

Mar 16, 2018

As ordered reported by the House Committee on Financial Services on November 15, 2017

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

10 Democrats10 Republicans
Rep. Sherman, Brad [D-CA-30]CA
Rep. McHenry, Patrick T. [R-NC-10]NC
Rep. Moore, Gwen [D-WI-4]WI
Rep. Royce, Edward R. [R-CA-39]CA
Rep. Himes, James A. [D-CT-4]CT
Rep. Beatty, Joyce [D-OH-3]OH
Rep. Wagner, Ann [R-MO-2]MO
Rep. Perlmutter, Ed [D-CO-7]CO
Rep. Scott, David [D-GA-13]GA
Rep. Tenney, Claudia [R-NY-22]NY
Rep. Williams, Roger [R-TX-25]TX
Rep. Gottheimer, Josh [D-NJ-5]NJ
Rep. Messer, Luke [R-IN-6]IN
Rep. Meeks, Gregory W. [D-NY-5]NY
Rep. Emmer, Tom [R-MN-6]MN
Rep. Budd, Ted [R-NC-13]NC
Rep. Clay, Wm. Lacy [D-MO-1]MO
Rep. Hultgren, Randy [R-IL-14]IL
Rep. Foster, Bill [D-IL-11]IL
Rep. Graves, Tom [R-GA-14]GA