Legislation Search

H.R. 2225: Access to Small Business Investor Capital Act

This bill, known as the Access to Small Business Investor Capital Act, aims to modify how certain fees are reported by registered investment companies to the Securities and Exchange Commission (SEC). Below are the key components of what the bill would do:

Definitions

Acquired Fund: Refers to funds as defined in specific SEC forms (N–1A, N–2, N–3).
Acquired Fund Fees and Expenses: These are fees associated with the acquired funds, which include various costs disclosed in investment company documentation.
Business Development Company: A type of company designed to support small and emerging businesses, as defined under the Investment Company Act of 1940.
Fee Table Disclosure: This is the table where the fees and expenses for investment funds are summarized in regulatory filings.
Registered Investment Company: This is a company that invests in securities and is registered with the SEC.

Modification of Fee Reporting Requirements

The key change proposed by this bill is that registered investment companies would be allowed to exclude from their calculations of Acquired Fund Fees and Expenses the fees and expenses incurred indirectly due to their investments in shares of business development companies. This means that when investment companies report their fees, they will not have to count certain costs associated with these business development investments.

Implications

This change is intended to streamline the reporting process for registered investment companies, potentially making it easier and less costly for them to comply with SEC requirements. It could also highlight the investment companies' focus on investing in smaller, growing businesses, which may support capital investment in that sector.

Relevant Companies

None found

This is an AI-generated summary of the bill text. There may be mistakes.

Actions

13 actions

Date	Action
Jun. 24, 2025	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun. 23, 2025	Considered under suspension of the rules. (consideration: CR H2868-2869)
Jun. 23, 2025	DEBATE - The House proceeded with forty minutes of debate on H.R. 2225.
Jun. 23, 2025	Motion to reconsider laid on the table Agreed to without objection.
Jun. 23, 2025	Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun. 23, 2025	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2868)
Jun. 23, 2025	Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2868)
Jun. 03, 2025	Placed on the Union Calendar, Calendar No. 96.
Jun. 03, 2025	Reported (Amended) by the Committee on Financial Services. H. Rept. 119-126.
May. 20, 2025	Committee Consideration and Mark-up Session Held
May. 20, 2025	Ordered to be Reported (Amended) by Voice Vote.
Mar. 18, 2025	Introduced in House
Mar. 18, 2025	Referred to the House Committee on Financial Services.

Corporate Lobbying

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Potentially Relevant Congressional Stock Trades

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