By BDC Council | March 5, 2020 Please see the attached bipartisan letter sent to the SEC by 4 senior Members of Congress including the Chair and Ranking Member of the House Financial Services Capital Markets Subcommittee. “Not only is the application of AFFE disclosure requirements to BDCs inconsistent with the statutory mandate for BDCs, it is [...]
By SBIA | February 28, 2020 On February 28, Brett Palmer, President, Small Business Investor Alliance (SBIA); Nelson Griggs, Executive Vice President, NASDAQ; Tom Quaadman, Executive Vice President, Center for Capital Markets Competitiveness, U.S. Chamber of Commerce; Jason Mulvihill, Chief Operating Officer & General Counsel, American Investment Council (AIC); and Tony Chereso, President and CEO, Institute [...]
By BDC Council | July 8, 2019 The SEC hosted its annual Forum on Small Business Capital Formation in Dec 2018. Working through the Office of Small Business Policy, the final report of 2018 Forum recommendations was published last week. The Forum has assembled annually since 1982, as mandated by the Small Business Investment Incentive Act [...]
By: SBIA | March 23, 2018 FOR IMMEDIATE RELEASE CONTACT: Tonnie Wybensinger Executive Director, BDC Council Small Business Investor Alliance (202) 628-5057 press@sbia.org Bipartisan BDC Modernization Legislation Signed Into Law Law Streamlines Regulations and Increases Capital Access for U.S. Small and Mid-Sized Businesses March 23, 2018, Washington, D.C. - The Small Business Investor [...]
By SBIA | March 7, 2018 SBIA's BDC Council is pleased to announce that the bipartisan BDC Modernization Bill has received the endorsement of the National Federation of Independent Business (NFIB). Introduced by Senators Dean Heller (R-NV) and Joe Manchin (D- WV), the Small Business Credit Availability Act (S. 2324 creates) a modern regulatory framework [...]
By SBIA | January 18, 2018 FOR IMMEDIATE RELEASE CONTACT: Luisa Guerra, Communications Director Small Business Investor Alliance (202) 628-5055 press@sbia.org Bipartisan BDC Modernization Legislation Introduced in the Senate Heller, Manchin Bipartisan Modernization Bill Will Increase Capital Access for U.S. Small and Mid-Sized Businesses WASHINGTON, D.C. (January 18, 2018) – The Small [...]
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 [...]