H.R. 10336, known as the "Too Narrow to Succeed Act," aims to enhance opportunities for asset management firms that are owned by diverse individuals, including women and minorities. The bill requires federal institutional investors to submit annual reports about their use of...
Simple Explanation
The Too Narrow to Succeed Act is a plan to help companies owned by different kinds of people, like women and minority groups, get better chances to manage big pots of money, and it asks government groups to share how they're doing and what's tricky about it.