Increasing Investor Opportunities Act

12/15/2023, 3:56 PM

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.

Bill 118 hr 2627, also known as the Increasing Investor Opportunities Act, aims to expand opportunities for investors in the United States. The bill focuses on promoting economic growth and job creation by making it easier for individuals to invest in small businesses and startups.

One key provision of the bill is the creation of a new type of investment vehicle called the Small Business Investment Company (SBIC). This new type of investment fund would be specifically designed to provide capital to small businesses and startups, helping them grow and create jobs.

Additionally, the bill includes measures to streamline the process for individuals to invest in private companies, making it easier for small businesses to raise capital. This includes reducing regulatory barriers and increasing transparency in the investment process. Overall, the Increasing Investor Opportunities Act is aimed at boosting economic growth and job creation by expanding opportunities for individuals to invest in small businesses and startups. The bill seeks to create a more favorable environment for investment in the United States, ultimately benefiting both investors and the economy as a whole.
Congress
118

Number
HR - 2627

Introduced on
2023-04-13

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

12/12/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and 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.

Bill 118 hr 2627, also known as the Increasing Investor Opportunities Act, aims to expand opportunities for investors in the United States. The bill focuses on promoting economic growth and job creation by making it easier for individuals to invest in small businesses and startups.

One key provision of the bill is the creation of a new type of investment vehicle called the Small Business Investment Company (SBIC). This new type of investment fund would be specifically designed to provide capital to small businesses and startups, helping them grow and create jobs.

Additionally, the bill includes measures to streamline the process for individuals to invest in private companies, making it easier for small businesses to raise capital. This includes reducing regulatory barriers and increasing transparency in the investment process. Overall, the Increasing Investor Opportunities Act is aimed at boosting economic growth and job creation by expanding opportunities for individuals to invest in small businesses and startups. The bill seeks to create a more favorable environment for investment in the United States, ultimately benefiting both investors and the economy as a whole.
Alternative Names
Official Title as IntroducedTo amend the Investment Company Act of 1940 to prohibit limitations on closed-end companies investing in private funds, and for other purposes.

Policy Areas
Finance and Financial Sector

Potential Impact
Banking and financial institutions regulation
Financial services and investments
Securities

Comments

Recent Activity

Latest Summary7/28/2023

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.


Latest Action12/12/2023
Placed on the Union Calendar, Calendar No. 252.