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Investment Company Fee Reporting Simplification: Excluding Business Development Company Costs

This new law aims to simplify how investment companies report their fees. It allows certain fees related to investments in small and medium-sized businesses (called "business development companies") to be excluded from the overall fund expense calculation. This could make investing in such companies more transparent and potentially more affordable for citizens who invest in these funds.
Key points
Investment companies can now exclude fees from investments in "business development companies" from their reported acquired fund fees and expenses.
This change aims to ease access to capital for small businesses and may lead to lower costs for fund investors.
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Status: Introduced
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Additional Information
Print number: 119_S_1808
Sponsor: Sen. McCormick, David [R-PA]
Process start date: 2025-05-20
System Note: Lustra is free, publicly auditable civic infrastructure — 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 119_S_1808.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-20.

What are the main provisions?

Key points include:

  • Investment companies can now exclude fees from investments in "business development companies" from their reported acquired fund fees and expenses.
  • This change aims to ease access to capital for small businesses and may lead to lower costs for fund investors.
What is the specific legal status?

The current status is Introduced.

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. McCormick, David [R-PA].

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 2025-12-23.

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