HR 8786
Increasing Investor Opportunities Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Increasing Investor Opportunities Act, aims to allow closed-end funds to invest more freely in private investment funds. It modifies existing regulations within the Investment Company Act of 1940 and the Securities Exchange Act of 1934 to remove limitations on closed-end funds investing in private funds based solely on their private fund status. The bill also clarifies the definition of ‘private fund’ and addresses how national securities exchanges should treat closed-end companies with significant investments in private funds.
Sponsors
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Primary sponsor
Anthony Gonzalez
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