Small Business Credit Availability Act

House Bill 1800 - Small Business Credit Availability Act: Overview, Status, and Impact

Hozzl · 2024-03-14T12:48:50Z

Explore the details of House Bill 1800 Small Business Credit Availability Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/14/2024, 12:48 PM

Congressional Summary of HR 1800

Small Business 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.

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Current Status of Bill HR 1800

Bill HR 1800 is currently in the status of Bill Introduced since April 26, 2013. Bill HR 1800 was introduced during Congress 113 and was introduced to the House on April 26, 2013. Bill HR 1800's most recent activity was Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 26. as of November 14, 2013

Bipartisan Support of Bill HR 1800

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1800

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Banking and financial institutions regulation

- Business investment and capital

- Business records

- Financial services and investments

- Licensing and registrations

- Securities

- Securities and Exchange Commission (SEC)

Alternate Title(s) of Bill HR 1800

Small Business Credit Availability Act

To amend the Investment Company Act of 1940 to allow business development companies to purchase, otherwise acquire, or hold certain securities, to change the asset coverage ratio and treatment of preferred stock for business development companies, and to direct the Securities and Exchange Commission to revise certain rules relating to business development companies.