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HR 436 109th Congress House Finance and Financial Sector Commerce Mutual funds Securities Securities regulation Small business Stock exchanges

Increased Capital Access for Growing Business Act

Introduced: February 1, 2005 See on congress.gov
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 7, 2005
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 6, 2005
Motion to reconsider laid on the table Agreed to without objection.
Apr 6, 2005
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H1790)
Apr 6, 2005
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H1790)
Apr 6, 2005
DEBATE - The House proceeded with forty minutes of debate on H.R. 436.
Apr 6, 2005
Considered under suspension of the rules. (consideration: CR H1790-1791)
Apr 6, 2005
Mrs. Kelly moved to suspend the rules and pass the bill.
Feb 1, 2005
Referred to the House Committee on Financial Services.
Feb 1, 2005
Introduced in House
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Increased Capital Access for Growing Business Act - Amends the Investment Company Act of 1940 to include as an "eligible portfolio company," for purposes of eligibility for investment in small- and medium-sized businesses, an issuer of securities that: (1) does not have any class of equity securities listed for trading on a national securities exchange or traded through the facilities of a national securities association; or (2) has an aggregate value of outstanding publicly traded equity securities of not more than $250 million. Allows the Securities and Exchange Commission to adjust such amount consistent with the public interest, protection of investors, and the public purpose.

Includes as an eligible business development company, also for such purposes, an investment company: (1) without any such class of equity securities; or (2) that is not an eligible portfolio company because the aggregate value of its outstanding publicly traded equity securities is more than $250 million but not more than $500 million, as long as such securities represent no more than ten percent of the total invested assets of the company.

What's happening now April 7, 2005

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

 Committees of jurisdiction 2