An Analysis of the Regulated Investment Company Modernization Act of 2010

January 20, 2011
The Regulated Investment Company Modernization Act of 2010 (the “Act”) was signed into law by President Obama. The Act makes a number of changes to the provisions in the Internal Revenue Code relating to regulated investment companies (“RICs”) that generally will become effective for taxable years of RICs beginning after December 22, 2010. This update summarizes the Act and includes a detailed explanation and analysis of each provision.