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SEC RIN: 3235-AM31 Publication ID: Fall 2019 
Title: Offering Reform for Business Development Companies Under the Small Business Credit Availability Act and Closed-End Funds Under the Economic Growth, Regulatory Relief, and Consumer Protection Act 

The Division is considering recommending that the Commission adopt amendments to existing rules and/or adopt new rules -- under the Securities Act of 1933 and the Investment Company Act of 1940 to implement section 803 of the Small Business Credit Availability Act and section 509 of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 U.S.C. 77f to 77i    15 U.S.C. 77s    15 U.S.C. 77z-2 and 77z-3    15 U.S.C. 78b and 78c(b)    15 U.S.C. 78i(a)    15 U.S.C. 78i    15 U.S.C. 78l    15 U.S.C. 78m to 78o    15 U.S.C. 78q(a)    15 U.S.C. 78u-5    15 U.S.C. 78w    15 U.S.C. 78ll    15 U.S.C. 78mm    15 U.S.C. 80a-6(c)    15 U.S.C. 80a-8    15 U.S.C. 80a-20(a)    15 U.S.C. 80a-23 and 80a-24    15 U.S.C. 80a-29 and 80a-30    15 U.S.C. 80a-36 and 80a-37    Pub. L.115-141, title VIII, sec. 803(b)    Pub. L.115-174, sec. 509(a)   
Legal Deadline:
Action Source Description Date
Final  Statutory  Pub. L. 115-174, sec. 509  05/24/2020 
Final  Statutory  Pub. L. 115-141. div. S, sec. 803  03/23/2019 

Overall Description of Deadline: Both Pub. L. 115-141 and Pub. L. 115-174 provide that certain revisions to the Commission's rules will take effect if the Commission does not complete the revisions by the respective statutory deadlines.

Action Date FR Cite
NPRM  04/10/2019  84 FR 14448   
NPRM Comment Period End  06/10/2019 
Final Action  04/00/2020 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Brian Johnson
Division of Investment Management
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-6740