HR 5598 · 117th Congress · Finance and Financial Sector

Access to Small Business Investor Capital Act

Introduced 2021-10-15· Sponsored by Rep. Sherman, Brad [D-CA-30]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-10-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

14 Democrats6 Republicans