The 2010 Mutual Fund Modernization Act: What you need to know
On September 29, 2010, the U.S. House of Representatives passed the Regulated Investment Company Modernization Act of 2010 (H.R. 4337), a bill designed to update the tax laws governing mutual funds. The bipartisan bill has moved to the Senate where it is expected to pass without opposition, and may be voted on during the lame-duck