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H.R.31: Next Steps for Credit Availability 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||Nydia M. Velázquez, D-N.Y.|
|Total Cosponsors||1 (All Democrats)|
|Introduced||Jan. 3, 2013|
|Latest Major Action||Oct. 23, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
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 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.
(Source: Congressional Research Service)
|Oct. 23, 2013||Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.|
|Jan. 3, 2013||Referred to the House Committee on Financial Services.|