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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 that companies managing such funds will have greater freedom in allocating capital, which could impact the diversity of available investment products. For citizens who invest in closed-end funds, this could potentially open new avenues for portfolio diversification.
Key points
Removes limitations on closed-end companies investing in private funds.
The SEC cannot restrict the sale or listing of securities issued by closed-end companies that invest in private funds, unless the restrictions are unrelated to the private fund's characteristics.
National securities exchanges cannot prohibit or limit the listing or trading of securities of closed-end companies that invest in private funds.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2627
Sponsor: Rep. Wagner, Ann [R-MO-2]
Process start date: 2023-04-13
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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 118_HR_2627.

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 2023-04-13.

What are the main provisions?

Key points include:

  • Removes limitations on closed-end companies investing in private funds.
  • The SEC cannot restrict the sale or listing of securities issued by closed-end companies that invest in private funds, unless the restrictions are unrelated to the private fund's characteristics.
  • National securities exchanges cannot prohibit or limit the listing or trading of securities of closed-end companies that invest in private 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. Wagner, Ann [R-MO-2].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 252.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy