HR 5598
117th Congress
House
Finance and Financial Sector
Access to Small Business Investor Capital Act
Introduced: October 15, 2021
Introduced by:
Sherman, Brad
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 15, 2021
Referred to the House Committee on Financial Services.
Oct 15, 2021
Introduced in House
Plain-English summary
Access to Small Business Investor Capital Act
This bill allows a registered investment company to exclude from the calculation of acquired fund fees and expenses those incurred indirectly from investment in a business development company. Instead, such fees and expenses may be disclosed in a footnote. Acquired fund fees and expenses is a required line item on a fund's fee schedule that provides the operating expenses of the fund.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1