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119th Congress > House > Vote 324
Clerk session vote number: 325
Sponsor: WAGNER, Ann (R-MO)
Description: Self of Texas Part B Amendment No. 1
Bill summary:
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. Specifically, 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.
Bill titles: To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds.; To amend the Investment Company Act of 1940 with respect to the authority of closed-end companies to invest in private funds.
Links for more info on the vote: congress.gov