Pipeline · Bill → Law
Step 1
Introduced
Apr 13, 2023
Step 2
Referred
Apr 13, 2023
Financial Services
Step 3
Committee
May 24, 2023
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 6 actions
Dec 12, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
Dec 12, 2023
Placed on the Union Calendar, Calendar No. 252.
May 24, 2023
Committee Consideration and Mark-up Session Held
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 11.
Apr 13, 2023
Introduced in House
Apr 13, 2023
Referred to the House Committee on Financial Services.