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Investment Fee Reporting Changes: Supporting Small Business Capital Access.

This bill modifies how registered investment companies must disclose certain fees to investors. It allows funds to exclude costs related to investments in Business Development Companies (BDCs) from the main "Acquired Fund Fees and Expenses" calculation, moving them instead to a footnote. While the fees remain disclosed, this change aims to streamline reporting and potentially encourage investment in funds that support small businesses.
Key points
Investment funds can now exclude indirect fees incurred from investing in Business Development Companies (BDCs) from the primary fee calculation.
These excluded fees must still be clearly disclosed in a footnote to the fee table, ensuring transparency for investors.
The change affects how investors see the reported expense ratios of funds that invest in small and developing companies.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_4890
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2024-07-31
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Summarized by: gemini-flash-latest
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_S_4890.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-07-31.

What are the main provisions?

Key points include:

  • Investment funds can now exclude indirect fees incurred from investing in Business Development Companies (BDCs) from the primary fee calculation.
  • These excluded fees must still be clearly disclosed in a footnote to the fee table, ensuring transparency for investors.
  • The change affects how investors see the reported expense ratios of funds that invest in small and developing 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 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 2025-12-26.

CATEGORIES

Economy Public Investments