Business development companies (BDCs) spent millions over the better part of a decade trying to get legislation through the US Congress and onto the President’s desk that “modernises” the industry’s regulations, as supporters of the measures claim.
Six BDCs have spent at least $8.23 million on lobbying since 2011 on various incarnations of legislation or other measures affecting the investment vehicles, according to the Center for Responsive Politics and US federal lobbying reports.
