Access to Small Business Investor Capital Act

House Bill 7375 - Access to Small Business Investor Capital Act: Overview, Status, and Impact

Hozzl · 2022-02-09T00:11:01Z

Explore the details of House Bill 7375 Access to Small Business Investor Capital Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

2/9/2022, 12:11 AM

Congressional Summary of HR 7375

Access to Small Business Investor Capital Act

This bill directs the Securities and Exchange Commission to specify that a business development company is not considered an acquired fund for the purpose of certain fee and expense calculations as part of investment company registration statements.

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Current Status of Bill HR 7375

Bill HR 7375 is currently in the status of Bill Introduced since June 25, 2020. Bill HR 7375 was introduced during Congress 116 and was introduced to the House on June 25, 2020. Bill HR 7375's most recent activity was Referred to the House Committee on Financial Services. as of June 25, 2020

Bipartisan Support of Bill HR 7375

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7375

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Business investment and capital

- Business records

- Financial services and investments

- Licensing and registrations

- Securities and Exchange Commission (SEC)

- Small business

Alternate Title(s) of Bill HR 7375

Access to Small Business Investor Capital Act

To require the Securities and Exchange Commission to revise rules to exclude business development companies from certain "Acquired Fund fees and expenses" reporting, and for other purposes.

Access to Small Business Investor Capital Act