FEDERALhearing transcript

Hearing on Modernizing Business Development Companies

Original title: LEGISLATIVE PROPOSALS TO MODERNIZE BUSINESS DEVELOPMENT COMPANIES AND EXPAND INVESTMENT OPPORTUNITIES

January 1, 2016

business development companies investment regulation capital markets small business finance

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The Frame

What this does

The hearing explored potential changes to federal investment laws that govern how BDCs operate, which directly impacts the regulatory environment for firms that provide capital to small and mid-sized businesses.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Business Development Companies

These firms are subject to the federal regulations being reviewed for potential modernization.

Small and mid-sized businesses

These entities receive capital from BDCs, which may be impacted by changes to BDC investment regulations.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

This document is a transcript record of a 2015 U.S. House hearing regarding legislative proposals to update regulations for Business Development Companies (BDCs). The hearing focused on how these changes might affect investment opportunities and capital access for small businesses.

Key Facts

The hearing took place on June 16, 2015, in the Rayburn House Office Building.
The purpose was to discuss legislative proposals to modernize Business Development Companies (BDCs).
The hearing included testimony from five witnesses representing investment firms, academia, and the U.S. Chamber of Commerce.
Additional materials were submitted for the record, including letters and statements from the Consumer Federation of America, Americans for Financial Reform, and the North American Securities Administrators Association.
The subcommittee is part of the House Committee on Financial Services.

Frequently Asked Questions

What is a Business Development Company (BDC)?

A BDC is a type of investment company that typically invests in small and mid-sized developing businesses.

What was the goal of this hearing?

The goal was to review legislative proposals aimed at modernizing BDC regulations and expanding investment opportunities.

Why It Matters

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

cross reference90% confidence

Broad Industry Interest

The hearing record includes submissions from a wide range of stakeholders, including consumer advocacy groups and securities administrators, indicating broad interest in BDC regulation.

Consumer Federation of America North American Securities Administrators Association

Connected Entities

personVincent D. Foster“Chairman, President, and CEO of Main Street Capital Corporation.”Map →

personMichael F. Gerber“Executive Vice President, Franklin Square Capital Partners.”Map →

personTom Quaadman“Vice President, Center for Capital Markets Competitiveness, U.S. Chamber of Comm”Map →

personMichael J. Arougheti“Co-Chairman of the Board of Directors, Ares Capital Corporation.”Map →

organizationSubcommittee on Capital Markets and Government Sponsored Enterprises“The congressional body that held the hearing.”Map →

personJ. Robert Brown, Jr.“Professor of Law, University of Denver Sturm College of Law.”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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