summary
Introduced
03/29/2022
03/29/2022
In Committee
03/29/2022
03/29/2022
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, would amend the Investment Company Act of 1940 to prohibit the Securities and Exchange Commission (SEC) from limiting a closed-end investment company from investing in private funds solely or primarily because of the private fund status. It also provides a definition of "private fund" in the Investment Company Act and the Investment Advisers Act, and prohibits national securities exchanges from restricting the listing or trading of securities of a closed-end company based on the amount of the company's investment in private funds.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Committee on Banking, Housing, and Urban Affairs. Hearings held. (on 04/05/2022)
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/senate-bill/3948/all-info | 03/30/2022 |
| BillText | https://www.congress.gov/117/bills/s3948/BILLS-117s3948is.pdf | 04/01/2022 |
| Bill | https://www.congress.gov/117/bills/s3948/BILLS-117s3948is.pdf.pdf | 04/01/2022 |
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