H.R. 1973 · 113th Congress
Business Development Company Modernization Act
- Stage
- In committee
- Sponsor
- Mick Mulvaney
- Introduced
- 2013-05-14
- Latest action
- 2013-10-23 · Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Summary
Business Development Company Modernization Act - Amends the Investment Company Act of 1940 to allow business development companies to invest in: (1) a registered investment adviser or investment adviser to an investment company, or (2) an eligible portfolio company (generally, a small- or middle-market financial service company).