summary
Introduced
07/10/2018
07/10/2018
In Committee
07/11/2018
07/11/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Expanding Investment in Small Businesses Act This bill directs the Securities and Exchange Commission to report on: (1) the limitiation on shares of an individual company that a diversified investment company may own, and (2) the limitation's impact on capital formation.
AI Summary
This bill directs the Securities and Exchange Commission (SEC) to study the 10% threshold limitation applicable to the definition of a diversified company under the Investment Company Act of 1940. The study will examine whether this threshold limit impacts capital formation, considering factors such as the size and number of diversified companies currently restricted, changes in investing preferences, the expected increase in capital availability for small and emerging growth companies if the threshold is increased, and the ability of registered funds to manage liquidity risk. The SEC is required to issue a report to Congress containing its findings and any legislative recommendations, including a potential update to the 10% threshold.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Placed on the Union Calendar, Calendar No. 676. (on 07/31/2018)
Official Document
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