H.R. 10147 — A bill to exempt companies which are engaged in investing in new business securities from the provisions of the Investment Company Act of 1940.

Summary

Amends the Investment Company Act of 1940 to exempt companies which are, or hold themselves out as, being engaged solely in the business of investing, reinvesting, or trading in new business securities from the terms of such Act.

Defines the term "new business securities" for purposes of this Act.

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Legislative Actions

1977-11-29
Introduced in House
1977-11-29
Introduced in House
1977-11-29
Referred to House Committee on Interstate and Foreign Commerce.

A bill to exempt companies which are engaged in investing in new business securities from the provisions of the Investment Company Act of 1940.

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Summary

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