This bill lets registered investment companies leave out specific fees when calculating costs related to investing in small businesses. This change aims to simplify financial reporting and encourage investment in small businesses.
Access to Small Business Investor Capital Act This bill allows a registered investment company to exclude from the calculation of acquired fund fees and expenses those incurred indirectly from investment in a business development company. Acquired fund fees and expenses is a required line item on a fund's fee schedule that provides the operating expenses of the fund.
