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A bill to permit a registered investment company to omit certain fees from the calculation of acquired fund fees and expenses, and for other purposes.

8/1/2024, 10:56 AM

Summary of Bill S 4890

Bill 118 s 4890, also known as the "Registered Investment Company Fee Calculation Act," is a piece of legislation that aims to allow registered investment companies to exclude certain fees from the calculation of acquired fund fees and expenses. This bill is designed to provide more flexibility for investment companies in how they calculate and report fees associated with acquiring other funds.

The main purpose of this bill is to streamline the fee calculation process for registered investment companies, making it easier for them to accurately report their expenses and fees to investors. By allowing certain fees to be omitted from the calculation of acquired fund fees and expenses, investment companies can provide a more transparent and accurate picture of their overall costs.

In addition to permitting the exclusion of certain fees, the bill also includes provisions for other purposes related to fee calculation and reporting. These additional purposes are not specified in the summary, but may include further guidelines or regulations for investment companies to follow when calculating and reporting fees. Overall, Bill 118 s 4890 aims to improve transparency and accuracy in the reporting of fees by registered investment companies. By allowing for the omission of certain fees from the calculation of acquired fund fees and expenses, this legislation seeks to provide a clearer understanding of the costs associated with investing in these companies.

Current Status of Bill S 4890

Bill S 4890 is currently in the status of Bill Introduced since July 31, 2024. Bill S 4890 was introduced during Congress 118 and was introduced to the Senate on July 31, 2024.  Bill S 4890's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 31, 2024

Bipartisan Support of Bill S 4890

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4890

Primary Policy Focus

Alternate Title(s) of Bill S 4890

A bill to permit a registered investment company to omit certain fees from the calculation of acquired fund fees and expenses, and for other purposes.
A bill to permit a registered investment company to omit certain fees from the calculation of acquired fund fees and expenses, and for other purposes.

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