US Congress House Bill 4267 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on November 3 2017 - 25% progression, died in chamber
Action: 2018-04-24 - Placed on the Union Calendar, Calendar No. 495.
Text: Latest bill text (Introduced) [PDF]

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.

Small Business Credit Availability Act

Rep. Steve Stivers [R-OH]	Rep. Brad Sherman [D-CA]	Rep. Patrick McHenry [R-NC]	Rep. Gwen Moore [D-WI]
Rep. Edward Royce [R-CA]	Rep. James Himes [D-CT]	Rep. Joyce Beatty [D-OH]	Rep. Ann Wagner [R-MO]
Rep. Ed Perlmutter [D-CO]	Rep. David Scott [D-GA]	Rep. Claudia Tenney [R-NY]	Rep. Roger Williams [R-TX]
Rep. Josh Gottheimer [D-NJ]	Rep. Luke Messer [R-IN]	Rep. Gregory Meeks [D-NY]	Rep. Tom Emmer [R-MN]
Sen. Ted Budd [R-NC]	Rep. Lacy Clay [D-MO]	Rep. Randy Hultgren [R-IL]	Rep. Bill Foster [D-IL]
Rep. Tom Graves [R-GA]	Rep. Brian Fitzpatrick [R-PA]	Rep. Denny Heck [D-WA]

Date	Chamber	Action
2018-04-24	House	Placed on the Union Calendar, Calendar No. 495.
2018-04-24	House	Reported by the Committee on Financial Services. H. Rept. 115-646.
2017-11-15	House	Ordered to be Reported by the Yeas and Nays: 58 - 2.
2017-11-15	House	Committee Consideration and Mark-up Session Held.
2017-11-07	House	Referred to the House Committee on Financial Services.
2017-11-07	House	Introduced in House
2017-11-03	House	Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
HB1625 (Related) 2018-03-23 - Became Public Law No: 115-141.
SB2324 (Related) 2018-01-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/4267/all-info
Text	https://www.congress.gov/115/bills/hr4267/BILLS-115hr4267ih.pdf
Text	https://www.congress.gov/115/bills/hr4267/BILLS-115hr4267rh.pdf