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- H.R.5598
H.R.5598: Access to Small Business Investor Capital Act
About This Bill
- Introduced Oct. 15, 2021
- Latest Major Action Oct. 15, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
20 (14 Democrats, 6 Republicans)
Bill Version
- Introduced in House - Oct. 15, 2021
Bill Summary
Access to Small Business Investor Capital Act 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Oct. 15, 2021 |
Referred to the House Committee on Financial Services.
|
| Oct. 15, 2021 |
Introduced in the House by Brad Sherman (D-Calif.) |