Access to Small Business Investor Capital Act

The Access to Small Business Investor Capital Act would allow registered investment companies to exclude fees and expenses incurred from investing in business development companies when calculating acquired fund fees and expenses on their registration statements. This change applies to investment company registration statements filed under the Investment Company Act of 1940 and affects how costs are disclosed in fee tables on Forms N-1A, N-2, and N-3. The bill aims to modify reporting requirements for certain investments, particularly those involving business development companies, without altering the underlying fees themselves.

No official summary is available here. This one was written by AI from the bill’s text.