To permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes.

This bill allows registered investment companies (like mutual funds) to exclude certain fees paid to business development companies (BDCs) from the "Acquired Fund Fees and Expenses" (AFFE) calculation reported to investors. Currently, fees from investments in BDCs are included in this disclosure, which appears in fund prospectuses. The bill amends reporting rules under the Investment Company Act of 1940 to permit omission of these specific BDC-related fees from the AFFE figure. This change affects fund disclosure practices but does not alter the actual fees paid to BDCs or impact investors' total costs.