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 SBIA | November 15, 2017 FOR IMMEDIATE RELEASE CONTACT: Luisa Guerra, Communications Director Small Business Investor Alliance (202) 628-5055 email@example.com SBIA Applauds House Committee Passage of BDC Modernization Legislation Bipartisan Bill Would Increase Capital Access for American Small Businesses WASHINGTON, D.C. (November 15, 2017) – The Small Business Investor Alliance (SBIA), the [...]
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 [...]
Middle Market Companies Boosted U.S. Economic Health in Recent Years, According to New Research from American Express and Dun & Bradstreet
New Research from American Express and Dun & Bradstreet show that mid-sized firms are responsible for more than half (51.7%) of U.S. job growth since 2011. This underscores the role BDCs play in providing vital growth capital to middle market businesses. From the report: Of the 51.8 million new jobs that were created since 2011, [...]