Politiparty
Politiparty

118th Congress Finance and Financial Sector

H.R. 5273: To permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes.

Introduced

  1. Introduced (completed)Aug 25, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Aug 25, 2023

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.

Written by the Congressional Research Service, Library of Congress.

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Other bills by Andrew Garbarino

History

  1. Aug 25, 2023Introduced in the House by Andrew Garbarino.
Show the full action history (2 actions)
  1. Aug 25, 2023Introduced in House
  2. Aug 25, 2023Referred to the House Committee on Financial Services.