By SBIA | January 17, 2018 SBIA’s BDC Council is pleased to share formal recommendations with the SEC for a series of reforms to improve capital access and market efficiency for middle market and lower middle market businesses. In a letter to SEC Chair Jay Clayton, BDC Council Executive Director Tonnie Wybensinger and Council [...]
January 2, 2018 When the GOP tax plan was signed into law, a number of positive tax code changes for BDCs were enacted. These include: Amending the bill from removing all deductibility of interest expense to Unlimited interest expensing for businesses with $25MM or less in gross receipts This was beneficial to small BDCs, but [...]
By James McCarthy for Mainebiz | December 14, 2017 Rand Capital Corp., a publicly traded business development firm, will fund a $1.5 million follow-on investment in Portland-based Tilson Technology Management Inc. Rand's investment consists of an infusion of both equity and debt capital. Rand (NASDAQ: RAND), which is based in Buffalo, N.Y., invests in growth [...]
By Rep. Steve Stivers (R-Ohio), Opinion Contributor for The Hill | December 13, 2017 As tax reform continues to make its way through the legislative process, it is easy to lose focus on all the other legislative developments in Congress. This is understandable, considering that we have a once-in-a-generation opportunity to finally fix our nation’s [...]
By Leela Parker Deo for Reuters | November 16, 2017 NEW YORK (Reuters) - The US House Financial Services Committee on Wednesday overwhelmingly voted to advance a bill that would update rules governing Business Development Companies (BDCs), paving the way for the specialized lenders to make more loans to small and mid-sized businesses. The legislation [...]
By Ripon Advance News Service | November 10, 2017 U.S. Rep. Steve Stivers (R-OH) on Tuesday introduced legislation that would boost local job creation and help small and mid-sized U.S. business owners more easily obtain capital needed for growing their firms and employing more workers.H.R. 4267 would reduce the asset-ratio requirement for Business Development Companies (BDCs) [...]
Bipartisan lawmakers seek to expand the pool of people who qualify to invest in private securities offerings, boost the lending capability of BDCs and ease regulations on closed-end funds By Mark Schoeff Jr. for InvestmentNews | November 9, 2017 Legislation that would deepen the pool of sophisticated investors who can participate in private securities offerings and [...]
SBIA Submits Letter to House Financial Services Subcommittee in Support of BDC Modernization Legislation
By SBIA | November 9, 2017 Click here to view the letter.
Check out the latest video from FS Investments that shows how BDCs work and why they are a vital source of capital for American businesses.
Today, the SBIA released its BDC Modernization Agenda with its legislative recommendations for the 115th Congress. Prepared under the guidance of SBIA’s BDC Council, the agenda recommends passing legislation to make several changes to the Investment Company Act of 1980 to reform and modernize BDC regulations. Modernizing the regulations that impact BDCs will unleash more [...]