To permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes.

Summary

This bill allows a registered investment company to exclude from the calculation of acquired fund fees and expenses those incurred indirectly from investment in a business development company. Acquired fund fees and expenses is a required line item on a fund's fee schedule that provides the operating expenses of the fund.  

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 August 2023

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 25 August 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 August 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 August 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 August 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 August 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 August 2023

  Open at official source

Sponsors

• Rep. Garbarino, Andrew R. [R-NY-2] · R · Sponsor
• · hsba00 · Standing

Related records

• related to → Access to Small Business Investor Capital Act