The Subcommittee on Capital Markets and Government Sponsored Enterprises of the House Financial Services Committee heard testimony on June 16, 2015 in support of proposed bills that would, among other things, increase the flexibility of business development companies (BDCs) to use leverage and expand the pool of accredited investors.

The hearings focused on a draft bill proposed by Rep. John M. Mulvaney (R-SC) called “The Small Business Credit Availability Act,” (the “Bill”). The Bill builds on H.R. 1800, which the House of Representatives passed in 2014, but was never enacted into law.