H.R. 4279 · 115th Congress
Expanding Investment Opportunities Act
- Stage
- Passed a chamber
- Sponsor
- Trey Hollingsworth
- Introduced
- 2017-11-07
- Latest action
- 2018-01-18 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
Expanding Investment Opportunities Act
(Sec. 2) This bill directs the Securities and Exchange Commission to revise registration rules to allow a closed-end company to use offering and proxy rules currently available to other issuers of securities, thereby reducing filing requirements and restrictions on communications with investors in certain circumstances. (A closed-end company is a publicly traded investment management company that sells a limited number of shares to investors in an initial public offering.)