Congress·In Committee·S. 1808
Access to Small Business Investor Capital Act
Investment Fund Fee Disclosures: Excluding Certain Small-Business Lending Fees
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Stalled
No legislative action in over 90 days.
Legislative Progress
Senate
Key Points
- Allows mutual funds and similar investment funds to leave out some fees when they invest through business development companies.
- This changes what shows up in the “fees and expenses” part of fund paperwork investors may see when comparing funds.
- Supporters may argue it makes fund fee disclosures clearer for certain investments tied to small-business financing; critics may worry it hides real costs.
- If you invest in a fund that puts money into these small-business-lending companies, the listed fee number could look lower even if costs still exist.
- The Securities and Exchange Commission would still oversee the registration forms, but Congress would be setting this specific disclosure rule.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
May 20, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
May 20, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Access to Small Business Investor Capital Act
Bill NumberS 1808
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Data Sources
Sponsor
Cosponsors
(11)D: 6R: 5
Analysis generated by AI. Always verify with official sources.