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HR 5929 112th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Business investment and capital Business records Financial services and investments Licensing and registrations Securities Securities and Exchange Commission (SEC)

Next Steps for Credit Availability Act

Introduced: June 8, 2012 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Jun 8, 2012
Referred to the House Committee on Financial Services.
Jun 8, 2012
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now July 11, 2012

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

 Committees of jurisdiction 2