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S 2324 115th Congress Senate Finance and Financial Sector

Small Business Credit Availability Act

Introduced: January 18, 2018 See on congress.gov
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 18, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 18, 2018
Introduced in Senate
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 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.

What's happening now January 18, 2018

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

 Related & companion bills 2
  • HR 1625 Related bill Consolidated Appropriations Act, 2018
  • HR 4267 Related bill Small Business Credit Availability Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 3 Republican 4
R
Rounds, Mike
South Dakota · Mar 12, 2018
 R
Scott, Tim
South Carolina · Mar 12, 2018
 D
Shaheen, Jeanne
New Hampshire · Mar 5, 2018
 D
Bennet, Michael F.
Colorado · Feb 27, 2018
 D
Peters, Gary C.
Michigan · Feb 27, 2018
 R
Tillis, Thomas
North Carolina · Feb 27, 2018
 R
Risch, James E.
Idaho · Feb 6, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2324: Small Business Credit Availability Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-2324/
MLA
"S. 2324: Small Business Credit Availability Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2324/.
Bluebook (legal)
S. 2324, 115th Cong. (2026), https://openamerica.io/bill/115-S-2324/.
Markdown link
[S. 2324: Small Business Credit Availability Act](https://openamerica.io/bill/115-S-2324/)
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