HR 2627
118th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Financial services and investments
Securities
Increasing Investor Opportunities Act
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2023
Placed on the Union Calendar, Calendar No. 252.
Dec 12, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 11.
May 24, 2023
Committee Consideration and Mark-up Session Held
Apr 13, 2023
Referred to the House Committee on Financial Services.
Apr 13, 2023
Introduced in House
Plain-English summary
Increasing Investor Opportunities Act
This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. The Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.
What's happening now
Placed on the Union Calendar, Calendar No. 252.
Committees of jurisdiction
1