H.R. 2627 · 118th Congress · House

Increasing Investor Opportunities Act

Active· Placed on the Union Calendar, Calendar No. 252.
Introduced
Apr 13, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Increasing Investor Opportunities Act

This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds. The Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.  

Previous Versions

00Apr 13, 2023

Increasing Investor Opportunities Act

This bill allows a closed-end fund—a portfolio of pooled assets with a limited number of shares traded on an exchange—to increase its investment in private investment funds.

Action Timeline

8
  1. DEC 12, 2023•Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.

    118Yea
    312Nay
    0NV
  2. DEC 12, 2023•Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.

    118Yea
    312Nay
    0NV
  3. DEC 12, 2023•Calendars

    Placed on the Union Calendar, Calendar No. 252.

  4. MAY 24, 2023•Committee

    Committee Consideration and Mark-up Session Held

  5. MAY 24, 2023•Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 11.

    37Yea
    11Nay
    0NV
  6. APR 13, 2023•IntroReferral

    Introduced in House

  7. APR 13, 2023•IntroReferral

    Introduced in House

  8. APR 13, 2023•IntroReferral

    Referred to the House Committee on Financial Services.

Committees

3

Financial Services Committee

hsba00

Referred: Dec 12, 2023

Active

Financial Services Committee

hsba00

Referred: May 24, 2023

Active

Financial Services Committee

hsba00

Referred: Apr 13, 2023

Active