S. 3961 · 117th Congress
Access to Small Business Investor Capital Act
- Stage
- In committee
- Sponsor
- Steve Daines
- Introduced
- 2022-03-30
- Latest action
- 2022-09-15 · Committee on Banking, Housing, and Urban Affairs. Hearings held.
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.