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Simplified Fee Reporting for Funds Investing in Small Businesses

This act aims to simplify how investment funds report their fees, especially those related to investments in small businesses. This means citizens investing in such funds may get a clearer picture of costs, helping them make better financial decisions.
Key points
Investment funds can now exclude certain fees from their main fee calculations when investing in Business Development Companies.
These excluded fees will instead be disclosed in a footnote, aiming for better cost transparency for investors.
The change intends to support investments in small and developing businesses by simplifying reporting for funds.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_1379
Sponsor: Rep. Sherman, Brad [D-CA-32]
Process start date: 2023-03-07
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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

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 118_HR_1379.

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 2023-03-07.

What are the main provisions?

Key points include:

  • Investment funds can now exclude certain fees from their main fee calculations when investing in Business Development Companies.
  • These excluded fees will instead be disclosed in a footnote, aiming for better cost transparency for investors.
  • The change intends to support investments in small and developing businesses by simplifying reporting for funds.
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. Sherman, Brad [D-CA-32].

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 2025-12-24.

CATEGORIES

Economy