Increasing Investor Opportunities Act
USA118th CongressHR-2627| House
| Updated: 12/12/2023
Ann Wagner
Republican Representative
Missouri
Cosponsors (4)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 11.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 252.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
Finance and Financial Sector
Banking and financial institutions regulationFinancial services and investmentsSecurities
Increasing Investor Opportunities Act
USA118th CongressHR-2627| House
| Updated: 12/12/2023
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. 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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 11.
Committee Consideration and Mark-up Session Held
Placed on the Union Calendar, Calendar No. 252.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
Ann Wagner
Republican Representative
Missouri
Cosponsors (4)
Financial Services Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationFinancial services and investmentsSecurities