H.R. 3868: Small Business Credit Availability Act

To amend the Investment Company Act of 1940 to remove certain restrictions on the ability of business development companies to own securities of investment advisers and certain financial companies, to change certain requirements relating to the capital structure of business development companies, to direct the Securities and Exchange Commission to revise certain rules relating to business development companies, and for other purposes.

The bill’s titles are written by its sponsor.

What you can do

Overview

Introduced:

Nov 2, 2015

Status:

Reported by Committee on Nov 4, 2015

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on November 4, 2015.

Sponsor:

Mick Mulvaney

Representative for South Carolina's 5th congressional district

Republican

Text:

Read Text »
Last Updated: Apr 19, 2016
Length: 16 pages

Prognosis:

6% chance of being enacted according to PredictGov (details)

History

Nov 2, 2015
 
Introduced

This is the first step in the legislative process.

Nov 4, 2015
 
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 3868 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 3868 — 114th Congress: Small Business Credit Availability Act.” www.GovTrack.us. 2015. December 9, 2016 <https://www.govtrack.us/congress/bills/114/hr3868>

Where is this information from?

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