House and Senate Consider Companion Bills to Reduce Regulatory Burden on BDCs

The Senate Committee on Banking, Housing and Urban Affairs is considering a Bill that would allow Business Development Companies (BDCs) to borrow more money and raise equity-capital at a lower cost. By easing the regulatory burden, the Bill aims to encourage BDCs to lend more money to U.S. small and medium-sized businesses. The House Committee on Financial Services has already approved a similar Bill.

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