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H.R. 2627

BillFederalHouseFloor Consideration
To amend the Investment Company Act of 1940 to prohibit limitations on closed-end companies investing in private funds, and for other purposes.
About This Bill
Introduced
Latest Action · December 12, 2023
Placed on the Union Calendar, Calendar No. 252.
Congress
118th (2023–2025)
Introduced
April 13, 2023
Cosponsors (4)
4D 0R
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Summary

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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. The Securities and Exchange Commission is prohibited from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds. This bill also apples to a closed-end company treated as a business development company.

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