The Growth Act, a surprisingly obscure piece of tax code reform legislation that could be a boon for the mutual fund industry, has found a key ally in the Investment Company Institute.

Unfortunately, it's also found itself in the crosshairs of another, equally powerful Washington lobby that could quiet the newborn legislation before it's heard outside the Beltway.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.