H.R. 2627 · 118th Congress
Increasing Investor Opportunities Act
- Stage
- Reported from committee
- Sponsor
- Ann Wagner
- Introduced
- 2023-04-13
- Latest action
- 2023-12-12 · Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
Summary
Increasing Investor Opportunities Act
This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. The Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.