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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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1808
Sponsor: Sen. McCormick, David [R-PA]
Process start date: 2025-05-20
Lustra uses Artificial Intelligence. Verify details in source documents.
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 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.

CATEGORIES

Economy