October 5, 2016
What year did Congress make the amendment to allow the creation of Business Development Companies (BDCs)? Click to see the answer…
What year did Congress make the amendment to allow the creation of Business Development Companies (BDCs)? Answer:  In 1980, Congress passed an amendment to the 1940 Investment Company Act to …

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What year did Congress make the amendment to allow the creation of Business Development Companies (BDCs)?

Answer:  In 1980, Congress passed an amendment to the 1940 Investment Company Act to allow business development companies for the purpose of investing and encouraging private businesses in the United States.

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