H.R. 2225 Passed the House Finance and Financial Sector

Access to Small Business Investor Capital Act

To permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Sherman, Brad [D-CA-32] Introduced March 18, 2025 Cosponsors 25 (16 D, 9 R) Latest action June 24, 2025

Summary

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jun 24, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jun 23, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Jun 23, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2868)
  4. Jun 23, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 2225.
  5. Jun 23, 2025 Considered under suspension of the rules. (consideration: CR H2868-2869)
  6. Jun 23, 2025 Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
  7. Jun 3, 2025 Placed on the Union Calendar, Calendar No. 96.
  8. Jun 3, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-126.
  9. May 20, 2025 Ordered to be Reported (Amended) by Voice Vote.
  10. May 20, 2025 Committee Consideration and Mark-up Session Held
  11. Mar 18, 2025 Referred to the House Committee on Financial Services.
  12. Mar 18, 2025 Introduced in House

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