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Access to Small Business Investor Capital Act

Finance and Financial Sector

4 pages

house

senate

president

Introduced on March 18, 2025 by Brad Sherman

Sponsors (26)

House Votes

Vote Data Not Available

Senate Votes

Vote Data Not Available

AI Summary

Text Versions

Text as it was Referred in Senate

June 24, 2025•4 pages

Text as it was Engrossed in House

June 23, 2025•6 pages

Text as it was Reported in House

June 3, 2025•6 pages

Text as it was Introduced in House

March 18, 2025•3 pages

Amendments

No Amendments

Access to Small Business Investor Capital Act (HR-2225) · Congress.wiki

This bill changes how mutual funds and similar funds report certain costs. If a fund invests in a business development company (BDC), it can leave out those indirect costs when it calculates “Acquired Fund Fees and Expenses” (the fee line that shows a fund’s operating costs) in its fee table for investors.

Key points:

Who is affected: Registered investment companies that file with the SEC (like mutual funds and certain insurance-related funds), business development companies, and people who read fund fee tables.
What changes: Funds may omit the fees and expenses that come indirectly from investing in BDCs when they compute the “Acquired Fund Fees and Expenses” number in their registration statements.
What this fee line is: It’s the required line on a fund’s fee schedule that shows the fund’s operating expenses.