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- H.R.5929
H.R.5929: Next Steps for Credit Availability Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about finance and financial sector
- Introduced June 8, 2012
- Latest Major Action July 11, 2012
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Next Steps for 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
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June 8, 2012 |
Introduced in the House by Nydia M. Velázquez (D-N.Y.) |