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Easier Reporting for Investments in Small Businesses

This act aims to simplify how investment companies report fees incurred when investing in small businesses. This means citizens investing in these funds might get a clearer picture of the costs associated with supporting growing enterprises. These changes could potentially increase capital availability for small businesses, fostering job creation and economic growth.
Key points
Investment companies can now report fees from investments in "business development companies" (BDCs) differently.
These fees will be disclosed in a footnote instead of the main fee table, simplifying reporting.
The goal is to encourage more investment in small and medium-sized businesses, supporting their growth.
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Status:
Expired
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Additional Information
Print number: 117_S_3961
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2022-03-30
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Access to Small Business Investor Capital Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3961.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-30.

What are the main provisions?

Key points include:

  • Investment companies can now report fees from investments in "business development companies" (BDCs) differently.
  • These fees will be disclosed in a footnote instead of the main fee table, simplifying reporting.
  • The goal is to encourage more investment in small and medium-sized businesses, supporting their growth.
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 Sen. Daines, Steve [R-MT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy