118th Congress · HOUSE BILLBILL

H.R. 1379 — Access to Small Business Investor Capital Act

“To permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes.”

Finance and financial sector

Introduced Mar 7, 2023

Last action Mar 7, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 7, 2023

Step 2

Referred

Mar 7, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 7, 2023

Introduced in House

Mar 7, 2023

Referred to the House Committee on Financial Services.