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Increased Investment Opportunities for Closed-End Funds

This act aims to make it easier for closed-end funds to invest in private funds. This means investment companies will have more freedom in allocating capital, which could affect the availability of various investment options in the market. For citizens, this might lead to a potentially wider range of financial products in the future.
Key points
The Commission cannot limit closed-end companies from investing in private funds.
National securities exchanges cannot prohibit listing closed-end companies due to their private fund investments.
The changes aim to increase investment flexibility for certain types of companies.
article Official text account_balance Process page
Expired
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No votes cast
Additional Information
Print number: 117_HR_4262
Sponsor: Rep. Gonzalez, Anthony [R-OH-16]
Process start date: 2021-06-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Increasing Investor Opportunities Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4262.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-30.

What are the main provisions?

Key points include:

  • The Commission cannot limit closed-end companies from investing in private funds.
  • National securities exchanges cannot prohibit listing closed-end companies due to their private fund investments.
  • The changes aim to increase investment flexibility for certain types of companies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gonzalez, Anthony [R-OH-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy