Increasing Investor Opportunities Act

Hozzl · 2023-12-15T15:56:56Z

Explore the details of House Bill 2627 Increasing Investor Opportunities 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.

12/15/2023, 3:56 PM

Summary of Bill HR 2627

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.

Congressional Summary of HR 2627

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 2627

Bill HR 2627 is currently in the status of Bill Introduced since April 13, 2023. Bill HR 2627 was introduced during Congress 118 and was introduced to the House on April 13, 2023. Bill HR 2627's most recent activity was Placed on the Union Calendar, Calendar No. 252. as of December 12, 2023

Bipartisan Support of Bill HR 2627

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 2627

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

Banking and financial institutions regulationFinancial services and investmentsSecurities

Alternate Title(s) of Bill HR 2627

Increasing Investor Opportunities ActIncreasing Investor Opportunities ActIncreasing Investor Opportunities ActTo amend the Investment Company Act of 1940 to prohibit limitations on closed-end companies investing in private funds, and for other purposes.

Start holding our government accountable!