II
117th CONGRESS
2d Session
S. 3976
IN THE SENATE OF THE UNITED STATES
March 31, 2022
Mr. Moran (for himself and Mr. Scott of South Carolina) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the Investment Company Act of 1940 to address entities that are not considered to be investment companies for the purposes of that Act, and for other purposes.
Short title
This Act may be cited as the Expanding American Entrepreneurship Act
.
Investment companies
Section 3(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–3(c)(1)) is amended—
in the matter preceding subparagraph (A), in the first sentence, by striking 250 persons
and inserting 500 persons
; and
in subparagraph (C)(i), by striking $10,000,000
and inserting $50,000,000
.
