About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H.R. 1800, Small Business Credit Availability Act 1 (June 30, 2014)

handle is hein.congrec/cbo1721 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE Revised June 30, 2014 H.R. 1800 Small Business Credit Availability Act As ordered reported by the House Committee on Financial Services on November 13, 2013 SUMMARY H.R. 1800 would direct the Securities and Exchange Commission (SEC) to amend certain regulations that affect business development companies (BDCs)-companies that operate like a mutual fund to invest in the stocks of small, private companies and offer significant managerial assistance to the issuer. H.R. 1800 would allow BDCs to invest in advisors to investment companies and would raise the limits on the amount of leverage allowed to a BDC. The staff of the Joint Committee on Taxation (JCT) estimates that enacting H.R. 1800 would reduce federal revenues by $81 million over the 2014-2024 period; therefore, pay-as-you-go procedures apply. CBO estimates that enacting H.R. 1800 would not affect direct spending. Further, CBO estimates that implementing H.R. 1800 would increase spending by the Securities and Exchange Commission (SEC) by less than $500,000 per year to amend certain regulations affecting BDCs. However, the SEC is authorized to collect fees sufficient to offset its annual appropriation; therefore, CBO estimates that the net effect on spending would be negligible. H.R. 1800 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of H.R. 1800 is shown in the following table. The costs of this legislation fall within budget function 370 (commerce and housing credit).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most