Increasing Investor Opportunities Act
- Last Action
- 12/12/2023
Actions
- 2023-12-12Placed on the Union Calendar, Calendar No. 252.
- 2023-12-12Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
- 2023-12-12Reported (Amended) by the Committee on Financial Services. H. Rept. 118-312.
- 2023-05-24Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 37 - 11.
- 2023-05-24Committee Consideration and Mark-up Session Held
- 2023-04-13Referred to the House Committee on Financial Services.
- 2023-04-13Introduced in House
- 2023-04-13Introduced in House
CRS Summary
As of 2023-12-12 (07)
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.
Cosponsors (4)
- GREGORY MEEKS (D-NY)
- Ritchie Torres (D-NY)
- David Scott (D-GA)
- Wiley Nickel (D-NC)
Subjects
- Banking and financial institutions regulation
- Financial services and investments
- Securities
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.