HR 7375
Access to Small Business Investor Capital Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to improve access to investment capital for small businesses by clarifying how fees and expenses are calculated for investment companies. Specifically, it directs the Securities and Exchange Commission (SEC) to revise its rules to exclude business development companies (BDCs) from certain calculations related to ‘Acquired Funds’ on investment company registration statements. This change is intended to reduce the reporting burden for BDCs and potentially make them more attractive to investors. The bill ensures the SEC takes action within two years to implement these revisions.
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Primary sponsor
Cosponsors
Blaine Luetkemeyer
Steve Stivers
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