HR 10147 · 95th Congress · Investments

A bill to exempt companies which are engaged in investing in new business securities from the provisions of the Investment Company Act of 1940.

Introduced 1977-11-29· Sponsored by Rep. Downey, Thomas J. [D-NY-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Interstate and Foreign Commerce.(1977-11-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Investment Company Act of 1940 to exempt companies which are, or hold themselves out as, being engaged solely in the business of investing, reinvesting, or trading in new business securities from the terms of such Act. Defines the term "new business securities" for purposes of this Act.…

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