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.
Sponsor and status
Sponsor. Representative for South Carolina's 5th congressional district. Republican.
Last Updated: Apr 19, 2016
Length: 16 pages
114th Congress (2015–2017)
This bill was introduced on November 4, 2015, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
6 Cosponsors (4 Republicans, 2 Democrats)
Nov 2, 2015
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Nov 3, 2015
Considered by House Committee on Financial Services
A committee held a hearing or business meeting about the bill.
Nov 4, 2015
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
Apr 19, 2016
Reported by House Committee on Financial Services
A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.
H.R. 3868 (114th) was 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.
Bills numbers restart every two years. That means there are other bills with the number H.R. 3868. This is the one from the 114th Congress.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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GovTrack.us. (2022). H.R. 3868 — 114th Congress: Small Business Credit Availability Act. Retrieved from https://www.govtrack.us/congress/bills/114/hr3868
“H.R. 3868 — 114th Congress: Small Business Credit Availability Act.” www.GovTrack.us. 2015. October 2, 2022 <https://www.govtrack.us/congress/bills/114/hr3868>
Small Business Credit Availability Act, H.R. 3868, 114th Cong. (2015).
|title=H.R. 3868 (114th)
|accessdate=October 2, 2022
|author=114th Congress (2015)
|date=November 2, 2015
|quote=Small Business Credit Availability Act
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