legislation: 115-s-2324

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
115-s-2324 115 s 2324 Small Business Credit Availability Act Finance and Financial Sector 2018-01-18 2018-01-18 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Heller, Dean [R-NV] NV R H001041 17 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. 2023-01-11T13:38:53Z https://www.congress.gov/bill/115th-congress/senate-bill/2324

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