Summary
Access to Small Business Investor Capital Act
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.
Legislative Journey
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SenateMotion to reconsider laid on the table Agreed to without objection.
HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2868)
HousePassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2868)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2225.
HouseConsidered under suspension of the rules. (consideration: CR H2868-2869)
HouseMrs. Wagner moved to suspend the rules and pass the bill, as amended.
HousePlaced on the Union Calendar, Calendar No. 96.
HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-126.
HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-126.
Ordered to be Reported (Amended) by Voice Vote.
HouseCommittee Consideration and Mark-up Session Held
HouseReferred to the House Committee on Financial Services.
HouseIntroduced in House
Introduced in House