The Increasing Investor Opportunities Act amends the Investment Company Act of 1940 to allow closed-end companies to invest in private funds.
The Increasing Investor Opportunities Act amends the Investment Company Act of 1940 to expand the authority of closed-end companies to invest in private funds. It also modifies the Securities Exchange Act of 1934 to prevent the Securities and Exchange Commission from restricting closed-end companies from investing in private funds. The bill defines "private fund" and allows national securities exchanges to list securities of closed-end companies that invest in private funds.
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