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

October 5, 2016

Law gavel with dollars on wooden table background, closeup

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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Matthew C. Strife
Blue Vault Services
April 11, 2016

Blue Vault's services are without question great resources for the review of the nontraded products offered.