Small Business Credit Availability Act

Summary

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.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 24 April 2018

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• Reported in House (PDF)

  Reported in House · EN · 24 April 2018

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• Reported to House without amendment

  summary · EN · 24 April 2018

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• Introduced in House (text)

  Introduced in House · EN · 7 November 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 7 November 2017

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• Introduced in House

  summary · EN · 7 November 2017

  Open at official source

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