United States · Bill · HR
H.R. 31 (113th)
Next Steps for Credit Availability Act
Introduced
3 January 2013
Last action
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Status
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
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 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.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 3 January 2013
Introduced in House (PDF)
Introduced in House · EN · 3 January 2013
Introduced in House
summary · EN · 3 January 2013
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Sources
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- Official source: https://www.congress.gov/bill/113th-congress/house-bill/31
- Open data entity: https://api.congress.gov/v3/bill/113/hr/31