H.R. 2225 · Where this bill is now
In the Senate
Passed the House Jun 23, 2025. Received Jun 24, 2025; no Senate vote yet
What this bill does
In plain words · AI-written from the official summarySimplifies small business investment fund fees
This bill changes how investment companies calculate and report their fees. Specifically, when an investment company invests in a business development company—a type of firm that helps fund small businesses—it won't have to count certain indirect costs when calculating acquired fund fees and expenses, which is a line item that shows investors what a fund costs to operate.
How it affects you
If you invest in funds that put money into small businesses, you might see clearer fee information on your fund statements. The change is mainly about how fees get calculated and reported, rather than lowering what you pay.
Read the official summary (Introduced in House, Mar 18, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2225
AN ACT
Access to Small Business Investor Capital Act
Sponsor: Rep. Brad Sherman (D-CA-32) · Introduced Mar 18, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 24, 2025: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”