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- S.3961
S.3961: Access to Small Business Investor Capital Act
About This Bill
- Introduced March 30, 2022
- Latest Major Action Sept. 15, 2022
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - March 30, 2022
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 |
|---|---|
| Sept. 15, 2022 |
Committee on Banking, Housing, and Urban Affairs. Hearings held.
|
| March 30, 2022 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| March 30, 2022 |
Introduced in the Senate by Steve Daines (R-Mont.) |