Access to Small Business Investor Capital Act
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Finance and Financial Sector
Rep. Sherman, Brad [D-CA-32] (D) — CA
Summary
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. Acquired fund fees and expenses is a required line item on a fund's fee schedule that provides the operating expenses of the fund.
Legislative subjects
Business investment and capital; Finance and Financial Sector; Financial services and investments; User charges and fees
Latest action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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