HR 2225
Passed a chamber
Lets registered investment companies leave out fees and expenses tied to business development companies when they calculate Acquired Fund Fees and Expenses on their registration statements.
Official title: Access to Small Business Investor Capital Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
18-MAR-2025
Referred
18-MAR-2025
Approved by committee
20-MAY-2025
Reported
03-JUN-2025
On the calendar
03-JUN-2025
Passed
23-JUN-2025
Senate
Received
24-JUN-2025
- Allows a registered investment company to omit fees and expenses it pays indirectly through shares of business development companies from its Acquired Fund Fees and Expenses calculation.
- Applies to investment company registration statements filed under section 8(b) of the Investment Company Act of 1940.
- Defines key terms by reference to existing SEC forms N-1A, N-2, and N-3 and the Investment Company Act of 1940.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (18-MAR-2025); the text has changed since (Engrossed in House, 23-JUN-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govFinance and Financial Sector
■ 16 D■ 9 R
16 Democrats
9 Republicans