CONGRESS FOR VOTERS

Brad Sherman (D-CA)

Access to Small Business Investor Capital Act

H.R. 2225 · House bill Finance and Financial Sector

A Democratic bill with 9 Republican cosponsors · See all 25 cosponsors

Last activity — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

In the other chamber's committee

Passed one chamber and has been handed to a committee in the other.

The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.

Its path through Congress

  1. Introduced
  2. Passed House voice vote
  3. In Senate committee

The House by voice vote (members called out yes or no together): no member's position on it was recorded.

What this bill would do

This Act is titled the "Access to Small Business Investor Capital Act." It seeks to amend how registered investment companies report certain fees and expenses. Specifically, it allows these companies to omit certain costs when calculating Acquired Fund Fees and Expenses. This omission applies to fees and expenses incurred indirectly through investments in a business development company that is an Acquired Fund.

Yes· 3 of 6

  • Scored +3

    Does this make it easier to run a small business?

    The bill facilitates capital access by allowing easier reporting for investments in business development companies.

  • Scored +2

    Would business owners be better off under this?

    The bill could benefit business owners by facilitating easier access to investor capital.

  • Scored +1

    Would high-income households be better off under this?

    This may benefit high-income investors through more streamlined investment reporting for business development companies.

The opposite

  • Scored -1

    Does this give people more protection from unfair business practices?

    Omitting specific fee disclosures may slightly reduce the transparency of total costs for investors.

  • Scored -1

    Does this make what the government does easier for the public to see?

    The omission of certain fees from registration statements may reduce financial transparency for investors.