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H.R. 4267 115th Congress House

Small Business Credit Availability Act

Official title: To amend the Investment Company Act of 1940 to change certain requirements relating to the capital structure of business development companies, to direct the S… Show full official titleShow less

Official title: To amend the Investment Company Act of 1940 to change certain requirements relating to the capital structure of business development companies, to direct the Securities and Exchange Commission to revise certain rules relating to business development companies, and for other purposes.

Introduced: November 7, 2017 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsGovernment information and archives
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Licensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)Small business
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 24, 2018
Placed on the Union Calendar, Calendar No. 495.
Apr 24, 2018
Reported by the Committee on Financial Services. H. Rept. 115-646.
Nov 15, 2017
Ordered to be Reported by the Yeas and Nays: 58 - 2.
Nov 15, 2017
Committee Consideration and Mark-up Session Held.
Nov 7, 2017
Referred to the House Committee on Financial Services.
Nov 7, 2017
Introduced in House
Nov 3, 2017
Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.
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 Latest action April 24, 2018

Placed on the Union Calendar, Calendar No. 495.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 3
  • HR 1625 Consolidated Appropriations Act, 2018
  • S 2324 Small Business Credit Availability Act
  • HR 10 Financial CHOICE Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 18
All 18 Democratic 7 Republican 6
R
Fitzpatrick, Brian K.
Pennsylvania · Mar 19, 2018
Graves, Tom
· Mar 14, 2018
 D
Foster, Bill
Illinois · Mar 7, 2018
Hultgren, Randy
· Mar 7, 2018
 R
Budd, Ted
North Carolina · Mar 5, 2018
 R
Emmer, Tom
Minnesota · Mar 5, 2018
 D
Meeks, Gregory W.
New York · Mar 5, 2018
 D
Gottheimer, Josh
New Jersey · Feb 7, 2018
Messer, Luke
· Feb 7, 2018
 R
Tenney, Claudia
New York · Dec 4, 2017
 R
Williams, Roger
Texas · Dec 4, 2017
 D
Beatty, Joyce
Ohio · Nov 14, 2017
 D
Himes, James A.
Connecticut · Nov 14, 2017
ROYCE, ED
· Nov 14, 2017
 R
Wagner, Ann
Missouri · Nov 14, 2017
McHenry, Patrick
· Nov 7, 2017
 D
Moore, Gwen
Wisconsin · Nov 7, 2017
 D
Sherman, Brad
California · Nov 7, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4267: Small Business Credit Availability Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4267/
MLA
"H.R. 4267: Small Business Credit Availability Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4267/.
Bluebook (legal)
H.R. 4267, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4267/.
Markdown link
[H.R. 4267: Small Business Credit Availability Act](https://openamerica.io/bill/115-HR-4267/)
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