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    <updateDate>2022-12-29T22:48:21Z</updateDate>
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    <introducedDate>2022-03-30</introducedDate>
    <congress>117</congress>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
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            <date>2022-03-30T21:13:03Z</date>
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      <item>
        <title>Access to Small Business Investor Capital Act</title>
        <congress>117</congress>
        <number>5598</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2021-10-15</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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        <actionDate>2022-09-15</actionDate>
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        <text>Committee on Banking, Housing, and Urban Affairs. Hearings held.</text>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2022-03-30</actionDate>
        <text>Introduced in Senate</text>
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        <fullName>Sen. Daines, Steve [R-MT]</fullName>
        <firstName>Steve</firstName>
        <lastName>Daines</lastName>
        <party>R</party>
        <state>MT</state>
        <isByRequest>N</isByRequest>
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    <cosponsors>
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        <bioguideId>M000639</bioguideId>
        <fullName>Sen. Menendez, Robert [D-NJ]</fullName>
        <firstName>Robert</firstName>
        <lastName>Menendez</lastName>
        <party>D</party>
        <state>NJ</state>
        <sponsorshipDate>2022-03-30</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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          <name>Banking and financial institutions regulation</name>
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          <name>Business investment and capital</name>
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          <name>Financial services and investments</name>
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        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2022-04-11T18:20:56Z</updateDate>
        <text><![CDATA[ <p><strong>Access to Small Business Investor Capital Act </strong></p> <p>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. Instead, such fees and expenses may be disclosed in a footnote. <em>Acquired fund fees and expenses</em> is a required line item on a fund's fee schedule that provides the operating expenses of the fund.</p>]]></text>
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    <title>Access to Small Business Investor Capital Act</title>
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        <title>Access to Small Business Investor Capital Act</title>
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        <titleType>Short Title(s) as Introduced</titleType>
        <title>Access to Small Business Investor Capital Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>A bill to permit a registered investment company to omit certain fees from the calculation of acquired fund fees and expenses, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <date>2022-03-30T04:00:00Z</date>
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    <latestAction>
      <actionDate>2022-09-15</actionDate>
      <text>Committee on Banking, Housing, and Urban Affairs. Hearings held.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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