OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

HR 3383 - Increasing Investor Opportunities Act - National Key Vote

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Title: Increasing Investor Opportunities Act

Vote Smart's Synopsis:

Vote to pass a bill that authorizes 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.

Highlights:

  • Authorizes 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 (Sec. 2).

  • Prohibits the Securities and Exchange Commission from limiting the sale or listing of securities of a closed-end fund that invests in private investment funds (Sec. 2).

  • Specifies that this bill also applies to a closed-end company treated as a business development company (Sec. 2).

Full Bill Text

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