US Congress House Bill 5929 (Prior Session Legislation)

---

Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on June 8 2012 - 25% progression, died in committee
Action: 2012-07-11 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Pending: House Subcommittee on Capital Markets and Government Sponsored Enterprises Committee
Text: Latest bill text (Introduced) [PDF]

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.

Next Steps for Credit Availability Act

Rep. Nydia Velazquez [D-NY]

Rep. Robert Dold [R-IL]

Rep. Michael Grimm [R-NY]

Rep. Aaron Schock [R-IL]

Date	Chamber	Action
2012-07-11	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2012-06-08	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/5929/all-info
Text	https://www.congress.gov/112/bills/hr5929/BILLS-112hr5929ih.pdf