HR 2627
Increasing Investor Opportunities Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Increasing Investor Opportunities Act, aims to remove restrictions that prevent closed-end funds from investing in private investment funds. It amends several key financial regulations to allow closed-end companies, including those designated as business development companies, to invest in private funds without limitations 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 private fund investments.
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Primary sponsor
Cosponsors
Wiley Nickel
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