ThePolitibase
S. 3948IntroducedFINANCE AND FINANCIAL SECTOR

Increasing Investor Opportunities Act

Banking and financial institutions regulation · Financial services and investments · Securities
Sponsor
Sen. Daines, Steve [R-MT]
R · MT
Key facts
Introduced: Mar 29, 2022
Chamber: Senate
Cosponsors: 0
Congress: 117th
Latest action · Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.

Summary

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 their investments in private investment funds.

Summary by Congressional Research Service.

Timeline

  1. Apr 5, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
  2. Mar 29, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  3. Mar 29, 2022
    Introduced in Senate

In the News

View official record on Congress.gov →
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