Business development companies (BDCs) are making another push at lifting restrictions on the amount of borrowed money they can put to work.

Legislation to increase the amount of leverage in the portfolios of these closed-end funds was introduced with HR 1800 in 2013, only to stall. BDCs are hoping it will be reintroduced. The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing this week on a discussion draft developed by Congressman Mick Mulvaney (R-SC).

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