PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 495.
Congressional Research Service
Version 79 · Reported to House without amendment · Apr 24, 2018
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.
People & committees
Rep. Stivers, Steve [R-OH-15] · R–OH
Legislative record
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Placed on the Union Calendar, Calendar No. 495.
Reported by the Committee on Financial Services. H. Rept. 115-646.
Reported by the Committee on Financial Services. H. Rept. 115-646.
Ordered to be Reported by the Yeas and Nays: 58 - 2.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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