Access to Small Business Investor Capital Act

This bill, titled "Access to Small Business Investor Capital Act," is a technical amendment to investment company reporting rules, not a direct small business funding measure. It modifies how registered investment companies (like mutual funds) report fees related to investments in business development companies (BDCs) - which often support small businesses - on SEC registration statements. Specifically, it allows these firms to exclude BDC-related fees from their standard "acquired fund fees and expenses" calculation and instead disclose them in a footnote. The change primarily affects investment companies filing registration statements under the Investment Company Act of 1940, streamlining their fee reporting without altering capital access for small businesses.