H.R.1973: Business Development Company Modernization Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Mick Mulvaney, R-S.C.
Total Cosponsors 0
Introduced May 14, 2013
Latest Major Action Oct. 23, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

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).

(Source: Congressional Research Service)

Bill Actions

Date Description
Oct. 23, 2013 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
May 14, 2013 Referred to the House Committee on Financial Services.