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S. 3948: Increasing Investor Opportunities Act

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A bill to amend the Investment Company Act of 1940 to prohibit limitations on closed-end companies investing in private funds, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Steve Daines

Sponsor. Junior Senator for Montana. Republican.

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Last Updated: Mar 29, 2022
Length: 4 pages
Introduced
Mar 29, 2022
117th Congress (2021–2023)
Status

Introduced on Mar 29, 2022

This bill is in the first stage of the legislative process. It was introduced into Congress on March 29, 2022. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Other activity may have occurred on another bill with identical or similar provisions.

Prognosis
1% chance of being enacted according to Skopos Labs (details)
Source

History

Mar 29, 2022
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Apr 5, 2022
 
Considered by Senate Committee on Banking, Housing, and Urban Affairs

A committee held a hearing or business meeting about the bill.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 3948 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 3948. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 3948 — 117th Congress: Increasing Investor Opportunities Act.” www.GovTrack.us. 2022. May 18, 2022 <https://www.govtrack.us/congress/bills/117/s3948>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.