summary
Introduced
06/30/2021
06/30/2021
In Committee
06/30/2021
06/30/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Investment Company Act of 1940 to prohibit limitations on closed-end companies investing in private funds, and for other purposes.
AI Summary
This bill, the Increasing Investor Opportunities Act, aims to amend the Investment Company Act of 1940 to prohibit the Securities and Exchange Commission (SEC) from limiting closed-end investment companies (including business development companies) from investing in private funds solely or primarily due to the private funds' status as such. The bill also provides a definition of "private fund" for the Investment Company Act and the Investment Advisers Act, and requires national securities exchanges to not prohibit the listing or trading of securities of closed-end companies based on the amount of their investment in private funds.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Financial Services. (on 06/30/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4262/all-info | 07/01/2021 |
| BillText | https://www.congress.gov/117/bills/hr4262/BILLS-117hr4262ih.pdf | 07/28/2021 |
| Bill | https://www.congress.gov/117/bills/hr4262/BILLS-117hr4262ih.pdf.pdf | 07/28/2021 |
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