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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Timeline

1. 18 January 2018

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 18 January 2018

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 18 January 2018 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 January 2018

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 January 2018

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 18 January 2018

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Heller, Dean [R-NV] · R · Sponsor
• Sen. Manchin, Joe, III [D-WV] · D · Sponsor
• Sen. Donnelly, Joe [D-IN] · D · Cosponsor
• Sen. Risch, James E. [R-ID] · R · Cosponsor
• Sen. Toomey, Patrick [R-PA] · R · Cosponsor
• Sen. Menendez, Robert [D-NJ] · D · Cosponsor
• Sen. Nelson, Bill [D-FL] · D · Cosponsor
• Sen. Stabenow, Debbie [D-MI] · D · Cosponsor
• Sen. Heitkamp, Heidi [D-ND] · D · Cosponsor
• Sen. Bennet, Michael F. [D-CO] · D · Cosponsor
• Sen. Peters, Gary C. [D-MI] · D · Cosponsor
• Sen. Tillis, Thomas [R-NC] · R · Cosponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Cosponsor
• Sen. Cardin, Benjamin L. [D-MD] · D · Cosponsor
• Sen. Tester, Jon [D-MT] · D · Cosponsor
• Sen. Shaheen, Jeanne [D-NH] · D · Cosponsor
• Sen. Scott, Tim [R-SC] · R · Cosponsor
• Sen. Rounds, Mike [R-SD] · R · Cosponsor
• · ssbk00 · Standing

Related records

• related to → Consolidated Appropriations Act, 2018
• related to → Small Business Credit Availability Act