H.R.5598: Access to Small Business Investor Capital Act

About This Bill

Bill Version

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.)

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