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115-hr-4267115th Congress

Small Business Credit Availability Act

Sponsored By: Representative Stivers, Steve [R-OH-15]

Unknown

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Stivers, Steve [R-OH-15]

OH • R

Cosponsors

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 11/7/2017

  • Rep. McHenry, Patrick T. [R-NC-10]

    NC • R

    Sponsored 11/7/2017

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 11/7/2017

  • ED ROYCE

    CA • R

    Sponsored 11/14/2017

  • Rep. Himes, James A. [D-CT-4]

    CT • D

    Sponsored 11/14/2017

  • Rep. Beatty, Joyce [D-OH-3]

    OH • D

    Sponsored 11/14/2017

  • Rep. Wagner, Ann [R-MO-2]

    MO • R

    Sponsored 11/14/2017

  • Rep. Perlmutter, Ed [D-CO-7]

    CO • D

    Sponsored 12/4/2017

  • Rep. Scott, David [D-GA-13]

    GA • D

    Sponsored 12/4/2017

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 12/4/2017

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 12/4/2017

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 2/7/2018

  • Rep. Messer, Luke [R-IN-6]

    IN • R

    Sponsored 2/7/2018

  • Rep. Meeks, Gregory W. [D-NY-5]

    NY • D

    Sponsored 3/5/2018

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 3/5/2018

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 3/5/2018

  • WM. CLAY

    MO • D

    Sponsored 3/5/2018

  • Rep. Hultgren, Randy [R-IL-14]

    IL • R

    Sponsored 3/7/2018

  • Rep. Foster, Bill [D-IL-11]

    IL • D

    Sponsored 3/7/2018

  • Rep. Graves, Tom [R-GA-14]

    GA • R

    Sponsored 3/14/2018

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 3/19/2018

  • Rep. Heck, Denny [D-WA-10]

    WA • D

    Sponsored 3/19/2018

Roll Call Votes

No roll call votes available for this bill.

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