Access to Small Business Investor Capital Act

Sponsored bySen. McCormick, David [R-PA]PA· Introduced 20 May 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

—

Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

20 May 2025·1 year ago

Timeline

2 actions

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
20 May 2025 · IntroReferral
Introduced in Senate
20 May 2025 · IntroReferral

Sponsorship

17 cosponsors

Sponsor

Sen. McCormick, David [R-PA]PA

Cosponsors

Democrat953%
Republican847%

Republican:Sen. Husted, Jon [R-OH]OH
Democrat:Sen. Hassan, Margaret Wood [D-NH]NH
Republican:Sen. Justice, James C. [R-WV]WV
Democrat:Sen. Rosen, Jacky [D-NV]NV
Democrat:Sen. Shaheen, Jeanne [D-NH]NH
Republican:Sen. Kennedy, John [R-LA]LA
Republican:Sen. Britt, Katie Boyd [R-AL]AL
Democrat:Sen. Hickenlooper, John W. [D-CO]CO
Democrat:Sen. Warner, Mark R. [D-VA]VA
Republican:Sen. Banks, Jim [R-IN]IN
Republican:Sen. Moreno, Bernie [R-OH]OH
Democrat:Sen. Kim, Andy [D-NJ]NJ
Republican:Sen. Hagerty, Bill [R-TN]TN
Democrat:Sen. Blunt Rochester, Lisa [D-DE]DE
Republican:Sen. Daines, Steve [R-MT]MT
Democrat:Sen. Gallego, Ruben [D-AZ]AZ
Democrat:Sen. Alsobrooks, Angela D. [D-MD]MD

Classification

Policy area

Finance and Financial Sector

Committees

Banking, Housing, and Urban Affairs Committee
Senate · Standing
- Referred To20 May 2025
- Referred To20 May 2025

Cosponsor momentum

Cumulative over time

Market relevance

AI-inferred

Impact via Regulation

Sectors

↑ Finance

Tickers

↑ ARCC ↑ HTGC ↑ PSEC ↑ TSLX ↑ GBDC

This bill permits registered investment companies to omit fees incurred from investments in Business Development Companies (BDCs) from their 'acquired fund fees and expenses' calculation. This change in reporting requirements would make BDCs appear more attractive to registered investment companies by reducing the reported fee burden, potentially increasing capital allocation to BDCs and benefiting the BDC sector.

Track Access to Small Business Investor Capital Act as it moves through Congress