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HR 31 113th 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: January 3, 2013 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
Oct 23, 2013
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Jan 3, 2013
Referred to the House Committee on Financial Services.
Jan 3, 2013
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 October 23, 2013

Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1