HB5273: To permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes.
Plain-language summary
This bill allows registered investment companies—firms that manage pooled investment funds—to exclude certain fees when calculating Acquired Fund Fees and Expenses (AFFE). AFFE is a measure investors use to understand the total cost of investing in a fund that holds other funds. The bill gives these companies flexibility in which fees count toward that total. Currently, the bill has been introduced in Congress and is awaiting review.
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HB5273: To permit a registered investment company to omit certain fees from the calcula…