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.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2868)
(consideration: CR H2868-2869)
Wagner moved to suspend the rules and pass the bill, as amended.